Tesla's recently released that the company had not sold BTC

Crypto holders Tesla's recently released sec filings for 2021 revealed that the company had not sold any BTC besides the small amount that had been sold at the start of the year to quote prove liquidity.

Some have taken this as a sign that the crypto market has yet to reach the top of its current Bull Cycle. Since Tesla would have otherwise sold some or all of its holdings. 

Tesla's BTC treasury has inspired other publicly listed companies to add BTC to their balance sheets and the latest one to join the list is KPMG one of the Big four accounting firms in a statement KPMG's Canadian Arm explained that it had added BTC and ETH to the corporate treasury because it sees cryptocurrency as a quote maturing asset class.

KPMG's add some Cryptocurrency in their Balance Sheet

KPMG's crypto acquisition is significant because the company is committed to ESG (Environmental, Social, and Governance) and has even been working to standardize ESG scores with the help of other accounting firms. Coin shares Bitcoin mining report ESG concerns are one of the only things standing between institutional investors and cryptocurrency. 

KPMG'S move therefore sends a sign to ESG oriented investors that they can invest in cryptocurrency without violating their commitments to ESG.