#FIL# The world's largest crypto asset management institution, Grayscale, will start a large-scale accumulation from 2024. As of August 2025, it has accumulated 2.0713 million FIL, accounting for about 1% of the circulating supply, with an average cost reduced to $11.06. Its accumulation strategy focuses on low-cost chip accumulation (with an average buying price of $6-9 in 2024), and the trust has no redemption mechanism, creating a long-term lock-up position effect. This behavior is regarded by the market as recognition of FIL's long-term value, especially in anticipation of growing demand in the storage sector.