#FIL As everyone knows, it went from being a kingpin to its current state of being a "discarded pawn." But to be fair, it did have its glory days, and its story was legendary in the crypto world. The only constant is that Grayscale keeps buying in. This time, they added another 21,600 FIL, marking their 90th purchase from 2024 to 2026. Their total holdings now exceed 2,323,200 FIL, with an overall cost basis of around 10. So why is Grayscale keeping buying? It's not actively buying at the bottom, but rather due to the trust mechanism—a passive subscription. In short, they're passively taking over the bag; hoping to break even is basically a distant dream. Grayscale has no choice but to take over, but retail investors really shouldn't touch it.