Peter Thiel’s Palantir Now Accepts Bitcoin Payments, ‘Thinking’ About Treasury Investment

Palantir Technologies is “open for business” when it comes to bitcoin, CFO Dave Glazer said on the company’s Tuesday earnings call.

The publicly traded software company has begun accepting the crypto as a form of payment, he said. Additionally, investing in bitcoin as a treasury reserve asset is “definitely on the table.”

Palantir would hardly be the first big data company with bitcoin on the balance sheet. Analytics competitor MicroStrategy, also publicly traded, is over $2 billion deep in digital gold. Tesla accepts bitcoin and has invested $1.5 billion in it.

Glazer, who was answering an earnings call question, did not elaborate on the timeline for parking reserve assets in BTC other than to say Palantir is “thinking about it internally.” But he noted Palantir has $151 million in adjusted free cash flow that could go toward bitcoin “and other investments.”

STORY CONTINUES BELOW

Recommended for you:

Peter Thiel, Palantir’s co-founder and chairman, has invested in a number of crypto startups through his funds. His venture capital firm made a $15 million-$20 million bet on bitcoin in 2017.

Palantir did not immediately respond to CoinDesk emails.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.