Billionaire Peter Thiel files to sell $280 million in Palantir shares
Crypto Briefing
Billionaire Peter Thiel filed to sell $280 million worth of Palantir shares following strong quarterly results.Summary
Palantir co-founder Peter Thiel filed with the SEC on Monday to sell 2 million shares of the data analytics firm, valued at $280 million. This move follows Palantir's strong fourth-quarter performance, where revenue increased 70% year-over-year to $1.4 billion, exceeding expectations. The outperformance was driven by significant growth in US commercial revenue (up 137%) and US government sales (up 66%). Thiel co-founded Palantir in 2003 with $30 million in seed capital, and the company, which received early backing from the CIA's investment arm, went public in 2020. Palantir also provided optimistic guidance for the first quarter and the full year 2026, both surpassing Wall Street projections.
(Source：Crypto Briefing)