The purpose it to buy ahead and make sure we always have around 0.5BTC worth of GRIN for paying Funding Requests. The purpose is not to exchange right away, but to have the funds allocate so we can flexibly buy in when there is a need and good opportunity/rate to exchange.
We do want to discuss this with the community because of our spending guidelines, e.g.
Inappropriate use of funds:
4)Investing money in physical or digital assets.
In this case the purpose is not speculation but rather practical. This first buy in is a bridge fund till the miners arrive and produce enough Grin for funding Requests. Let us know what you think. It can be discussed here as well as in the Grin CC meeting on Keybase at the 23th of November: