Palantir: Pay Us in Bitcoin
May 19, 2021
I spotted an interesting article called “Palantir Technologies Accepts Bitcoin Payments, Might Hold on Balance Sheet.” Bitcoin is the poster child for digital currency. In some circles, Bitcoin evokes thoughts of money laundering and cyber crime. The write up points out in response to a question about crypto currency on the balance sheet:
Palantir’s CFO, David Glazer said, ‘The short answer is yes. We’re thinking about it and we’ve even discussed it internally. If you take a look at our balance sheet there’s $2.3 billion in cash at quarter-end including $151 million in cash flow in Q1. So it’s definitely on the table from a treasury perspective as well as other investments as we look across our business and beyond. Glazer went on to note that “in terms of accepting bitcoin from our customers, we do accept it as a form of payment. We’re open for business there.”
Some of the early investors in Palantir are enthused about digital currency. Business Insider reported that:
Block.one announced on Tuesday that it would launch a crypto exchange called Bullish. It’s landed over $10 billion in backing from Peter Thiel, Mike Novogratz, Louis Bacon, and Nomura. Novogratz said that Bullish’s scale and Block.one’s experience would make it “a formidable player.
Significant moves indeed. However, in the back of my mind is the thought that Bitcoin facilitates certain types of illegal activity. But that’s just my speculation.
Stephen E Arnold, May 19, 2021
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
