Palantir (PLTR) Considering Adding Bitcoin to Balance Sheet, Already Accepts it as Payment

May 11, 2021 9:42 AM EDT
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On Today's earnings call, Palantir (NYSE: PLTR) CFO, David Glazer, said the company does accept Bitcoin as payment from customers and said it is thinking of adding it to their balance sheet.

From the Call:

Q: Rodney Nelson, Palantir Technologies Inc. - Head of IR

Great. Dave, I'll come to you on the next question. We've gotten a feel on these lines. Brian L asks, could you ever see Palantir having Bitcoin or any other type of cryptocurrency on its balance sheet?

A: David A. Glazer, Palantir Technologies Inc. - CFO & Treasurer

Brian, thanks for the question. The short answer is, yes, we're thinking about it, and we've even discussed it internally. Take a look at our balance sheet, $2.3 billion in cash at quarter end, including $151 million in adjusted free 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. On the other side of that, in terms of accepting Bitcoin from our customers, we do accept it, that's for over for business there.

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