Big Four Firm KPMG Adds Bitcoin And Ethereum To Its Treasury
According to a press release, Canadian giant Klynveld Peat Marwick Goerdeler (KPMG) has added Bitcoin and Ethereum to its balance sheet. The multinational is one of the top accounting firms in the world alongside Deloitte, PricewaterhouseCoopers (PwC), and Ernst & Young (EY). The group is known as the “Big Four” due to its relevance and […]
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In an inflationary environment, assets like Bitcoin are becoming more attractive to corporations looking to diversify their cash holdings. Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets. The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner for the firm. KPMG in Canada is following in the footsteps....
The Canadian member of KPMG’s global organization of independent firms bought bitcoin through Gemini for its corporate treasury.
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and....
On September 14th, 2016, professional services firm, KPMG, announced a suite of services built around distributed ledgers and how companies can implement them into their business models. KPMG and Microsoft Partner Up to Create Blockchain Solutions. As part of this effort, KPMG will collaborate with Microsoft in a partnership they say will combine the best aspects of both firms to offer the best experience for their clients. Canadian IT advisory leader for KPMG, Yvon Audette, specified some of the parameters of the collaboration. “Through this collaboration, we are combining KPMG’s....
Ethereum treasury companies Bitmine and Sharplink continue to advance their ETH strategy amid the current crypto market downtrend. Bitmine, in particular, continues to accumulate ETH at a steady pace, with the company close to its goal of holding 5% of the token’s supply. Ethereum Treasury Company Bitmine Adds More ETH In a press release, Bitmine […]