Palantir (PLTR) Stock Analysis: Palantir Considering Bitcoin?


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Palantir (#PLTR) announced Q1 earnings and beat analyst expectations! The company reported GAAP EPS of -$0.07 (beats by $0.01) and revenue of $341M (+48.7% Y/Y).


Shares of Palantir didn't move on the earnings release, but did gain +9.42% after the company announced that it's considering holding #Bitcoin on the balance sheet and will accept it as payment from customers.


Last month, co-founder Peter Thiel claimed that he is pro-Bitcoin but said,"whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S."


Is Palantir's news of Bitcoin acceptance a reason to get into the stock, or should the news be disregarded and eyes kept on the numbers?


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Thanks to Heisenberg Media for the photo of Palantir Co-founder Peter Thiel