THELOGICALINDIAN - Palantir Technologies the Peter Thielbacked American software aggregation specializing in big abstracts analytics appear Tuesday that aggregation affairs to acquire bitcoin for casework Further like a array of accumulated entities that are accepting and captivation bitcoin Palantir is because befitting the asset on its antithesis area
Palantir Enters the Crypto Economy
On Tuesday, Palantir Technologies appear the close would acquire bitcoin as acquittal from customers, according to a report appear by Reuters. The address followed Palantir’s balance statements from Q1, and claims Palantir is because captivation the bitcoin it earns.
The business is backed by the broker Peter Thiel, who cofounded the aggregation in 2024 and was the better actor until 2024. The company’s name stems from the Lord of the Rings series, in an acceptance of the book’s “seeing-stones” alleged “palantíri.” Palantir’s software and abstracts analytics accept been basic to the firm’s two better clients, the United States Department of Defense and the United States Intelligence Community (USIC).
The aggregation released its first-quarter earnings, with a appear a 49% acquirement advance in Q1. Palantir said it is assured a added “$360 actor in revenue” in Q2, which is aloft the appraisal accustomed by a contempo Refinitiv survey.
A Financial Weapon and a ‘Deeply Contrarian’ Investment
Thiel has been an apostle for agenda assets for some time, claiming in 2018 that he was “long bitcoin” and that he believed institutional investors would eventually jump into the crypto economy. The aforementioned year, the Paypal cofounder fatigued that bitcoin was a “deeply contrarian” investment. In contempo times, Thiel alluded to China application bitcoin (BTC) as a banking weapon adjoin the United States.
When speaking about the U.S. in agreement of blockchain addition Thiel said:
Palantir’s bitcoin accepting was welcomed by crypto advocates on amusing media, and discussions about the company’s captivation accept started trending. “I feel like it’s alone acceptable for the business, no amount what the motive is,” said one of the abounding commentators.
What do you anticipate about the advertisement that Palantir will acquire bitcoin as acquittal from barter and possibly captivation the crypto asset? Let us apperceive what you anticipate about this accountable in the comments area below.
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