Palantir an American Big Data Company is Adding Bitcoin to its Balance Sheet

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Palantir Technologies, a US big data software company, is considering adding Bitcoin to its balance sheet, according to a statement accompanying its sales call on Monday.

Apart from bitcoin, Palantir also said it could consider leaving other cryptocurrencies on its balance sheet.

PayPal co-founder Peter Teal, Palantir Technologies went public last September via a direct listing (the same approach as the Coinbase Cryptocurrency Exchange).

Thiel recently described Bitcoin as a “financial weapon” for China, saying that the country’s approach to the crypto industry should influence the United States. He also opened a bitcoin mining facility in Texas.

Beyond Lake Palantir has reportedly benefited from a £ 46 million (US $ 65 million) contract with the British government as part of its response to the COVID-19 pandemic. Politico also said the company was granted “privileged access” to several British government officials in the months leading up to the deal.

Palantir (PLTR) shares are down 22% so far in 2021, so some observers may see Bitcoin’s announcement as a short-term attempt to boost the stock.

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