The DAO recently converted 50 ETH to BTC and currently holds 2.72 BTC in Wrapped BTC form on Ethereum.
The board has been following the developments with WBTC regarding the upcoming transfer of control from a US-based custodian to a multi-jurisdiction custody as Bitgo is forming a partnership with BiT Global, controlled by Justin Sun and the TRON ecosystem.
The transition will happen within the next 2 months.
As a result, Maker DAO has announced its intention to remove WBTC as collateral for DAI.
The board believes that the DAO should also divest from WBTC and is proposing to convert our WBTC holdings back to ETH. As of today, our WBTC is worth ~60 ETH (or 10 ETH of profit).