Palantir Technologies is now “open for business” when it involves Bitcoin [BTC, -3.04%], CFO Dave Glazer announced on the company’s Tuesday earnings call.
The publicly traded software company has begun accepting the crypto assets as a sort of payment, he revealed. Moreover, investing in bitcoin as a treasury reserve asset is “definitely on the table.”
Palantir would hardly be the primary big data firm with bitcoin on the record. Analytics competitor MicroStrategy, also publicly traded, is over $2 Bln deep in digital gold. Tesla accepts Bitcoin and has already invested $1.5 Bln in it.
Glazer, who was answering an earnings call question, didn’t elaborate on the timeline for parking assets in BTC aside from mentioning Palantir is “thinking about it internally.” But he noted Palantir has $151 Mln in adjusted free income that would go toward Bitcoin “and other investments.”
Peter Thiel, Palantir’s co-founder, and chairman has invested within a number of cryptocurrency startups via his funds. His VC made a $15-$20 Mln in bitcoin earlier in 2017.