Express
Peter Thiel's Palantir Accepts Bitcoin Payment, Considers Adding Bitcoin To Its Balance Sheet
Summary: Palantir Technologies, a manufacturer of software and analysis tools for the US defense industry and large companies, accepts Bitcoin as a method of payment and is considering adding Bitcoin to its balance sheet, according to a report from CNBC. The software company, founded by PayPal co-founder Peter Thiel, derives most of its business from government ...
Palantir Technologies, a manufacturer of software and analysis tools for the US defense industry and large companies, accepts Bitcoin as a method of payment and is considering adding Bitcoin to its balance sheet, according to a report from CNBC.
The software company, founded by PayPal co-founder Peter Thiel, derives most of its business from government contracts. In February last year, the company signed an $800 million contract with the US Department of Defense. Its revenue in the first quarter of 2021 increased by 49% to $341 million, exceeding Wall Street expectations.
Palantir's market cap has soared since first listed on the New York Stock Exchange. As of Monday's close, the market value reached $30.44 billion.
By Mary Liu
Tags: Bitcoin,Palantir,Peter Thiel
Link: Peter Thiel's Palantir Accepts Bitcoin Payment, Considers Adding Bitcoin To Its Balance Sheet [Copy]
