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 Technologies
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”.
MercadoLibre
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
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.
