Peter Thiel’s software firm, Palantir Technologies, is now accepting bitcoin as payment. In their earnings call this week, Palantir’s CFO Dave Glazer mentioned that bitcoin being on the company’s balance sheet was “definitely on the table.”
Palantir is not the first large tech company with bitcoin on their balance sheet. Analytics firm MicroStrategy, who is also publicly traded, has over $2 billion in Bitcoin assets. Also, Tesla is now accepting bitcoin and has put $1.5 billion into the digital currency.
Glazer was answering a question on the earnings call, and he did not go further into the timing for such an investment into Bitcoin other than revealing that the company is “discussing it internally.” But he said Palantir could use $151 million in cash flow to buy bitcoin “and other investments.”
Peter Thiel, the co-founder of PayPal and Palantir’s co-founder and current chairman, has invested into numerous crypto startups. His venture capital investment firm made a $15 to $20 million bet on bitcoin back in 2017.