# Request for: Grin to buy Grin and hold as reserve

**URL:** https://forum.grin.mw/t/request-for-grin-to-buy-grin-and-hold-as-reserve/10079
**Category:** Governance
**Created:** [October 12, 2022, 10:27am UTC](https://forum.grin.mw/t/request-for-grin-to-buy-grin-and-hold-as-reserve/10079 "2022-10-12T10:27:44Z")
**Posts on this page:** 1
**Showing post:** 14

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### Author: ![Anynomous](https://yyz2.discourse-cdn.com/flex036/user_avatar/forum.grin.mw/anynomous/32/2928_2.png) [@Anynomous](https://forum.grin.mw/u/Anynomous)
#### Post date: [October 14, 2022, 3:57pm UTC](https://forum.grin.mw/t/request-for-grin-to-buy-grin-and-hold-as-reserve/10079/14 "2022-10-14T15:57:54Z")

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Around a year ago the Grin Community Council bought up a sizable amount of Grin since we want to have enough Grin to pay our groundskeepers and developers partially and in some cases fully in Grin.

> [@Proposal Grin CC: Buy around 0.5-1 BTC worth of Grin](https://forum.grin.mw/t/proposal-grin-cc-buy-around-0-5-1-btc-worth-of-grin/9371):
>
> Proposal for the Grin CC to flexibly buy around 0.5BTC 1 BTC (1BTC = 50k € ) worth in GRIN. 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 mon…

On the long term we prefer to have a passive Grin income via the large number of miners we bought that were not operational at that time yet:

> [@Community Council miners - we need your opinion](https://forum.grin.mw/t/community-council-miners-we-need-your-opinion/9133/10):
>
> Who’s going to pay for the electricity? Are members responsible for them going to be paid for it? What’s the expected ROI on both options?

This is even better than buying Grin since we are dollar cost averaging, providing security without dumping mined Grin on the market. Instead we use the mined Grin in day to day payments which is what Grin was build for 😁.  
Therefore I do not see the need to buy Grin again using the community fund, although I have to admit I was also tempted by the though since it is likely a good time to buy Grin. However, we try to avoid buying for ‘speculative’ reasons as we stated in the spending guidelines for the Grin Community Council. Since we have passive income in Grin now, we do not have much reason to exchange BTC for Grin.

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