The Lisk Foundation plans to exchange 1,000 BTC for ETH in the next ten weeks

ChainCatcher news, blockchain application platform Lisk co-founder Max Kordek tweeted that the Lisk Foundation will exchange 1,000 BTC for ETH over the next 10 weeks and use these ETH as part of the foundation's long-term funds. The Lisk Foundation will sell 100 BTC each week to reduce risks associated with third parties. The purchased ETH will be stored in a multi-signature wallet. The foundation intends to stake these ETH, but this will not be completed immediately.

According to RootData, Lisk is a blockchain application platform that allows developers to build blockchain applications and create a blockchain application ecosystem, with investors including IOSG Venture. (Source link)