Palantir Technologies, a data-analytics software developer, is weighing possible investments in Bitcoin and other cryptocurrencies. CNBC reports, citing a statement to investors.
The company announced its financial results for the first quarter of 2021 and noted that digital assets “clearly deserve consideration”. The firm already accepts Bitcoin.
Palantir Technologies is a public company founded by PayPal alumni led by Peter Thiel. Its services are used by 149 clients, including the US Army, police, intelligence agencies and banks.
In the first quarter, the company’s revenue was $341 million, up 49% from the same period in 2020. For the second quarter, Palantir expects revenue of $360 million.
Earlier, on April 29, the Nasdaq-listed analytics software provider MicroStrategy announced new Bitcoin purchases. The company noted that it could both increase and decrease its position in digital gold.
Earlier, the game publisher Nexon invested $100 million — less than 2% of its balance.
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