(Bloomberg) Palantir Technologies Inc. has used $50.7 million in August to buy and stockpile gold to prepare for potential global black swan events.
Palantir is also inviting customers to make payments for its data analysis software using gold.
The company’s 100-ounce gold bars will be securely stored in the northeastern US, with Palantir accessing them anytime with reasonable notice.
In May, Palantir also said it is investing in Bitcoin and holding stakes in startups that are customers to its software as part of its strategies to use some $2.3 billion cash it holds.
PLTR: NYSE is up +0.75% on premarket.
