Cryptocurrencies
KPMG Canada Adds Bitcoin, Ethereum to Corporate Balance Sheet
- Accounting firm didn’t say how much it’s allocated into coins
- It’s the latest firm to sink part of its treasury into tokens
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KPMG in Canada said it added Bitcoin and Ethereum to its corporate treasury as part of a commitment to emerging technologies and asset classes, becoming one of the highest profile mainstream firms to invest in cryptocurrencies.
The auditing, tax and advisory partnership didn’t disclose how much in cryptocurrency it purchased. Carbon offsets were also added to make good on its environmental, social and governance (ESG) commitments, KPMG said in a statement Monday. The crypto purchases were made through Gemini Trust Co., which is providing custody services.