Grayscale Investment Trust was established by Digital Currency Group in 2013. DCG is the most powerful investment institution in the cryptocurrency sector, and many of the top exchanges and projects you know have its presence.
As a subsidiary of DCG, Grayscale manages multiple funds including BTC and ETH, which have passed SEC certification, becoming the only two legal investment options for institutional investors and retail shareholders in the US stock market.
Grayscale holdings refer to a form of investment where fund managers use the money in the fund to invest in stocks, bonds, and other businesses, indicating a process where users expect the stock to rise. This is generally used in fund investments and is a common operational method within fund investments. Grayscale holdings refer to investors acquiring cryptocurrencies held by the Grayscale Trust. The Grayscale Trust is an institutional-level investment tool that allows individuals and institutions to obtain explosive returns from the cryptocurrency market in a relatively simple manner. This form of holding is commonly used in long-term investment strategies for mainstream cryptocurrencies like Bitcoin and Ethereum, offering features such as risk diversification, leverage effects, and convenient trading, providing investors with diversified investment options and profit opportunities.
Not long after FIL was launched, it was included in Grayscale's holdings and purchased. On March 15, 2021, Grayscale established the FIL trust product, purchasing for the first time around 80 USD on March 17. In the following two years, Grayscale spent a total of 10.27 million USD on 34 purchases of FIL, accumulating about 110,000 FIL, with the highest purchase price of 170 USD and the lowest of 19 USD, with an average cost of about 90 USD.
The following is from a year later in 2024. From 2021 to 2022, there were a total of 34 purchases, acquiring about 110,000; in 2024, there were 32 purchases of FIL, totaling 1,752,029 coins, with significant buys on March 29, 2024, of 351,900 coins; April 10, 2024, of 101,800 coins; April 27, 2024, of 199,800 coins; and May 29, 2024, of 293,700 coins.
Why has Grayscale resumed 'large' purchases of FIL? Professional institutions prefer to engage in 'right-side trading' during investment, meaning they enter the market only after confirming a trend has started. Therefore, they do not buy at the 'lowest point' but rather at a point of 'certainty.' Perhaps Grayscale sees the current market as the bottom for FIL. Although the fundamentals have not improved significantly, they are not expected to get worse, and the certainty of future improvement has increased, leading them to continuously absorb shares. Grayscale's acquisition of 350,000 is enough to prove that there is strong consensus on Wall Street.
Note: Grayscale will not sell the digital assets managed by its trust, and there is currently no redemption mechanism. The decrease (negative number) in holdings shown in the chart is the annual fee deducted periodically by Grayscale. The total scale of assets managed by the Grayscale Trust changes with the price of the coins.
Grayscale today increased its holdings by 26,700 FIL, with an average total cost of 11.43 USD; there were 32 increases in 2024, and this is the 9th increase in 2025, making it the 74th increase of FIL, with total holdings exceeding 1,981,200 FIL!
Grayscale Fund invested a total of 10,275,027 USD before March 22, 2024. From the first to the 34th purchase, a total of 109,135 FIL was acquired.
Increased holdings by 113,500 on March 23, 2024, at a cost of 7.8 USD, investing 88.53 USD.
Increased holdings by 55,700 FIL in the early morning of March 26, 2024, at a cost of 9.3 USD, investing 518,000 USD.
Increased holdings by 2,670 FIL on March 27, 2024, at a cost of 9.53 USD, investing 25,445 USD.
Purchased 6,840 coins on March 28, 2024, at a cost of 9.13 USD, investing 62,450 USD.
Purchased 351,900 coins on March 29, 2024, at a cost of 9.3 USD, investing 3,271,837 USD.
Purchased 14,000 coins on April 1, 2024, at a cost of 9.24 USD, investing 129,360 USD.
Purchased 37,200 coins on April 3, 2024, at a cost of 8.54 USD, investing 317,688 USD.
Purchased 97,600 coins on April 4, 2024, at a cost of 8.64 USD, investing 843,589 USD.
Purchased 11,500 coins on April 5, 2024, at a cost of 8.48 USD, investing 98,000 USD.
Purchased 2,801 coins on April 8, 2024, at a cost of 9.22 USD, investing 26,000 USD.
Purchased 19,000 coins on April 9, 2024, at a cost of 8.65 USD, investing 170,000 USD.
Purchased 101,800 coins on April 10, 2024, at a cost of 8.53 USD, investing 868,000 USD.
Purchased 4,194 coins on April 18, 2024, at a cost of 5.84 USD, investing 25,000 USD.
Purchased 8,451 coins on April 19, 2024, at a cost of 5.59 USD, investing 47,000 USD.
Purchased 199,800 coins on April 27, 2024, at a cost of 5.69 USD, investing 1,136,800 USD.
Purchased 293,700 coins on May 29, 2024, at a cost of 5.85 USD, investing 1,718,100 USD.
Purchased 9,316 coins on May 30, 2024, at a cost of 5.78 USD, investing 53,800 USD.
Purchased 4,134.46 coins on June 3, 2024, at a cost of 5.82 USD, investing 24,000 USD.
Purchased 19,000 coins on July 17, 2024, at a cost of 4.531 USD, investing 86,000 USD.
Purchased 22,100 coins on July 23, 2024, at a cost of 4.683 USD, investing 103,400 USD.
Purchased 13,800 coins on August 20, 2024, at a cost of 3.63 USD, investing 50,000 USD.
Purchased 13,500 coins on September 4, 2024, at a cost of 3.354 USD, investing 45,200 USD.
Purchased 146,100 coins on September 18, 2024, at a cost of 3.474 USD, investing 510,400 USD.
Purchased 21,200 coins on September 27, 2024, at a cost of 4.013 USD, investing 85,000 USD.
Purchased 6,018.35 coins on September 28, 2024, at a cost of 4.18 USD, investing 25,100 USD.
Purchased 8,393.85 coins on October 5, 2024, at a cost of 3.628 USD, investing 30,450 USD.
Purchased 20,600 coins on October 19, 2024, at a cost of 3.7 USD, investing 76,200 USD.
Purchased 32,500 coins on October 22, 2024, at a cost of 3.83 USD, investing 124,400 USD.
Purchased 4,803.65 coins on November 28, 2024, at a cost of 5.68 USD, investing 27,100 USD.
Purchased 7,709.22 coins on December 19, 2024, at a cost of 5.75 USD, investing 44,300 USD.
Purchased 1,700.95 coins on December 20, 2024, at a cost of 5.22 USD, investing 8,874 USD.
Purchased 100,500 coins on December 28, 2024, at a cost of 4.97 USD, investing 499,400 USD.
Purchased 11,800 coins on January 1, 2025, at a cost of 4.99 USD, investing 58,800 USD.
Purchased 2,417 coins on January 8, 2025, at a cost of 5.49 USD, investing 13,200 USD.
Purchased 19,600 coins on January 11, 2025, at a cost of 5.15 USD, investing 100,900 USD.
Purchased 9,501 coins on January 16, 2025, at a cost of 5.55 USD, investing 52,700 USD.
Purchased 23,500 coins on January 22, 2025, at a cost of 5.22 USD, investing 122,600 USD.
Purchased 9,766 coins on January 22, 2025, at a cost of 5.03 USD, investing 49,100 USD.
Purchased 18,300 coins on February 12, 2025, at a cost of 3.34 USD, investing 61,100 USD.
Purchased 23,000 coins on April 22, 2025, at a cost of 2.62 USD, investing 60,200 USD.
Purchased 26,700 coins on May 20, 2025, at a cost of 2.87 USD, investing 76,600 USD.
Currently held: 198.12 coins.
Total cost: 22,664,358 USD.
Average: 11.43 USD/coin.
Source of materials: official media/network news.
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