How much gold does Palantir own?

We recently got the news that tech/intelligence firm Palantir (PLTR) bought $50 million worth of physical gold to hold on its balance sheet.

What spacs did Palantir buy?

Palantir’s SPAC Investments The big data analytics company made a commitment to invest $20 million in the SPAC for Celularity, a clinical-stage biotech company. Palantir also made an investment in the SPAC for Babylon Health, a digital-first health service provider powered by artificial intelligence.

Why did Palantir buy gold?

On Aug. 17, it was reported that the company bought $50.7 million in gold bars as part of its internal investment strategy. In an interview, COO Shyam Sankar stated that the purchase “reflects more of a worldview … You have to be prepared for a future with more black swan events.”

Is Pltr a SPAC stock?

Palantir is also known for making investments via SPAC (special purpose acquisition companies). Despite retail investors’ bullishness on PLTR stock (PLTR) – Get Palantir Technologies Report, Wall Street does not seem to share the same sentiment.

What stocks does Palantir own?

Among the companies Palantir invested in are Lilium, Sarcos Robotics, Roivant Sciences, Celularity, Wejo, Babylon Health, Boxed, Pear Therapeutics and two unnamed companies, identified as focusing on mobility and autonomous vehicles.

What is Palantir Technologies do?

It performs a deep search of all criminal, financial, medical, communication, and clandestine agency records on the target. The company’s tech helped locate Osama bin Laden in 2011 and is being used to trace COVID-19 infections, track medical supply chains, and even predict outbreaks in pandemic hot zones.

Did Palantir buy bitcoins?

Glazer went on to say that Palantir already accepts bitcoin as a form of payment from customers. The business intelligence firm said in April that it holds a total of 91,579 bitcoins, acquired at an average purchase price of approximately $24,311 per bitcoin, meaning the company spent about $2.23 billion.

How much gold has Palantir bought in gold?

Palantir also disclosed that it purchased $50.7 million in 100-ounce gold bars.

Is Palantir investing $250 million in young companies?

, Palantir (ticker: PLTR) has started a program of investing in the young companies in return for multi-year commitments to use the company’s software. In its June quarter financial filing with the Securities and Exchange Commission, Palantir disclosed $250 million in commitments to a group of 10 companies through June 30.

How did Palantir’s 2019 cash burn stack up?

Its cash burn increased from the year before. In 2018, Palantir’s negative cash flow from operations was $39 million — its 2019 cash burn soared a whopping 323\% while its revenues rose 25\%, according to its prospectus.

Why is Palantir investing in Bitcoin?

Palantir said in May that it was considering investing in Bitcoin. And it’s taking stakes in startups that are customers of Palantir software, an approach that helped buoy sales results in the second quarter. (Updates with shares in the fourth paragraph.