FIL, as everyone knows, went from being a top-tier cryptocurrency to a worthless one. But it's undeniable that it had its moment in the spotlight, and FIL was legendary in the crypto world. The only constant was Grayscale's occasional buying spree. Today, they added another 21,600 FIL, marking their 90th purchase since 2024-2026. Their total holdings exceed 2,323,200 FIL, with an average cost of around 10. Why is Grayscale consistently buying? Because the trust isn't actively buying at the bottom; it's a passive subscription system. It's essentially passively taking over, and breaking even is a distant prospect. Grayscale is forced into this situation, but retail investors should definitely stay away. #fil