{"id":57326,"date":"2022-02-08T10:04:44","date_gmt":"2022-02-08T08:04:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57326"},"modified":"2025-09-04T11:10:14","modified_gmt":"2025-09-04T08:10:14","slug":"kpmg-canada-adds-bitcoin-and-ethereum-to-reserves","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kpmg-canada-adds-bitcoin-and-ethereum-to-reserves\/","title":{"rendered":"KPMG Canada Adds Bitcoin and Ethereum to Reserves"},"content":{"rendered":"<p>The KPMG firm, one of the Big Four auditors, announced the addition of Bitcoin and Ethereum to the balance sheet of its Canadian arm.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have just completed an allocation of cryptoassets to our corporate treasury, our firm\u2019s first of its kind investment in the asset class. This includes Bitcoin and Ethereum tokens, and carbon offsets to maintain a net-zero carbon transaction: <a href=\"https:\/\/t.co\/32hsKbnGuC\">https:\/\/t.co\/32hsKbnGuC<\/a><\/p>\n<p>\u2014 KPMG Canada (@KPMG_Canada) <a href=\"https:\/\/twitter.com\/KPMG_Canada\/status\/1490728332345987078?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This investment reflects our conviction that institutional adoption of crypto assets and blockchain technology will continue and that they will be anchored as a permanent part of the asset mix,&#8221; the press release said.<\/p>\n<\/blockquote>\n<p>The company purchased an undisclosed amount of BTC and ETH through the Gemini Trust service.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Excited to share the news that <a href=\"https:\/\/twitter.com\/KPMG_Canada?ref_src=twsrc%5Etfw\">@KPMG_Canada<\/a> has acquired Bitcoin and Ethereum on its balance sheet\ud83d\ude80 <a href=\"https:\/\/t.co\/RdG1LTMpCe\">https:\/\/t.co\/RdG1LTMpCe<\/a><\/p>\n<p>\u2014 Gemini Institutional (@GeminiInsti) <a href=\"https:\/\/twitter.com\/GeminiInsti\/status\/1490731247173345288?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>KPMG will continue to expand capabilities in the DeFi sector, non-fungible tokens and the metaverses. The firm will also acquire carbon credits as part of its ESG commitments.<\/p>\n<p>In 2020, KPMG developed specialized software Chain Fusion, designed to facilitate the management of crypto assets for traditional financial institutions and fintech startups.<\/p>\n<p>In the same year, the auditor announced<a href=\"https:\/\/forklog.com\/en\/news\/kpmg-teams-up-with-coin-metrics-to-drive-institutional-adoption-of-cryptocurrencies\"> the creation of a strategic alliance<\/a> with analytics firm Coin Metrics. Later, the custodian BitGo<a href=\"https:\/\/forklog.com\/en\/news\/kpmg-coin-metrics-and-bitgo-to-combine-offerings-to-popularise-cryptocurrencies\"> joined<\/a>.<\/p>\n<p>Tesla, the electric-vehicle maker, posted a $101 million impairment loss on Bitcoin held on its balance sheet in 2021.<\/p>\n<p>In January, the analytics software provider MicroStrategy disclosed the purchase of 660 BTC at a price of about $37,865. The average price of the company\u2019s 125,051 BTC held is $30,200.<\/p>\n<p>According to ForkLog<a href=\"https:\/\/forklog.com\/en\/news\/january-2022-in-numbers-nft-boom-despite-crypto-slump-fantom-strengthens-and-ftxs-rally-to-32-billion\"> report<\/a>, for the first month of 2022 among public miners reserves increased Bitfarms Limited (+1300 BTC), Riot Blockchain (+894 BTC), Argo Blockchain (+278 BTC), Hut8 Mining Corp (+276 BTC) and Hive Blockchain (+229 BTC).<\/p>\n<p>Subscribe to ForkLog&#8217;s YouTube channel!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The KPMG firm, one of the Big Four auditors, announced the addition of Bitcoin and Ethereum to the balance sheet of its Canadian unit.<\/p>\n","protected":false},"author":1,"featured_media":57327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,2002],"class_list":["post-57326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-kpmg"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57326"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57326\/revisions"}],"predecessor-version":[{"id":57328,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57326\/revisions\/57328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57327"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}