The popularity of cryptocurrencies has grown wild this year and despite recent lows, many companies that used to consider them a fraud, are now embracing the benefits of digital money. Here’s a list of publicly listed companies that are considering bitcoin and other cryptocurrencies in their balance sheets.
Palantir, a big data company has begun accepting crypto as a form of payment. Additionally, the New York Stock Exchange-listed company with a market capitalization of nearly $34 billion, is “open for business” when it comes to bitcoin. During an earnings call, its CFO Dave Glazer said bitcoin on the balance sheet is “definitely on the table”.
The Latin American E-Commerce Giant MercadoLibre has become the first South American company to use bitcoin as a valid payment method. MercadoLibre’s customers will no be able to buy real estate with Bitcoin. The largest e-commerce player in Latin America believes that cryptocurrencies are an “innovative value haven,” and they expect to boost the adoption of cryptocurrencies in the continent.
MercadoLibre also has recently disclosed a $7.8 million bitcoin (BTC, -3.84%) purchase, adding to the list of publicly traded companies to park bitcoin on its balance sheet.
Sotheby’s has become the first major auction house to accept cryptocurrencies as a payment method for physical artworks partnering with cryptocurrency exchange Coinbase for the sale.