Grayscale increased its holdings by 26,700 FIL today, with an average cost of $11.43; there have been 32 buy orders in 2024, the 9th buy in 2025, making it the 74th increase in FIL, with total holdings exceeding 1.9812 million FIL!
Why has Grayscale Fund started to buy FIL in large amounts again? Professional institutions prefer to do 'right-side trading' when investing in the bottom range, meaning they enter the market only after confirming a trend has started. Therefore, they are not buying at the 'lowest point', but rather at a point of 'certainty'. Perhaps Grayscale sees the current situation as the bottom range for FIL; although the fundamentals have not significantly improved, they are unlikely to get worse, and the certainty of future improvement is increasing, which is why they are continuously accumulating positions. The 350,000 from Grayscale is enough to prove that there is a strong consensus on Wall Street regarding the positive outlook.
Current total holdings: 198.12 coins. Total cost: $22,664,358.
Average: $11.43 per coin.
