Lisk Foundation Founder Announced: He Will Sell 1,000 Bitcoins and Buy Ethereum! Here’s the Plan and Why

Blockchain platform Lisk Foundation has announced that it will sell 1,000 BTC for 10 weeks, with 100 Bitcoins each week, and replace it with Ethereum (ETH).

Lisk Foundation founder Max Kordek by recently shared The social media post caught the attention of the cryptocurrency community. Kordek said in a statement that the next They will convert 1000 BTC to Ethereum, 100 BTC every week for 10 weeks. listed the reasons for this step taken.

Ethereum world’s largest blockchain The founder, who described it as sustainable long-term returns He emphasized that they want to take advantage of:

Ethereum is the world’s largest blockchain platform. In terms of treasury, we want to go where blockchain applications are built. ETH provides a sustainable long-term return. It makes sense to enter a deflationary, yielding asset that gains in value from the treasury point of view.

Bitcoin instant 26,300 dollar price and Ethereum 1.767 Considering the dollar price of the conversion, the company retains approximately 15k Ethereum it will pass. This estimated number may change according to the fluctuations in prices.

Lisk Foundation is a cryptocurrency organization working to develop and expand a blockchain platform called Lisk. lisk, decentralized applications (dApps) has set development as its main goal.

Local token of the organization according to CoinGecko data Lisk (LSK) in the last 24 hours 5.2% while depreciating from $0.837 is being traded.


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