Lisk Foundation's co-founder and CEO, Max Kordek, announced via Twitter that the foundation will convert 1,000 Bitcoin (BTC) to Ethereum (ETH) in the next 10 weeks. The purchased ETH will be deposited into a 2-of-3 multisig account, with each Lisk Foundation board member holding one key each. The move is aimed at staking ETH for a sustainable, long-term return, and to reduce risks with related third parties. The impact on the Bitcoin price is expected to be marginal due to the 1,000 BTC split over 10 weeks.
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