XRP News Today: Metaplanet Surpasses Tesla as Seventh Largest Bitcoin Holder with $132.7 Million Purchase

Metaplanet Inc., a prominent institutional investor in Bitcoin (BTC), has recently surpassed Tesla to become the seventh largest BTC holder. The company, often referred to as Asia’s Microstrategy, made a significant purchase of 1,234 BTC for $132.7 million, solidifying its position among the top institutional holders of Bitcoin. This move underscores the growing trend of companies adopting Bitcoin as an alternative savings option, reflecting a broader institutional embrace of cryptocurrencies.

While institutional investors continue to accumulate Bitcoin, retail investors are showing a keen interest in a new Ethereum-based token called Remittix (RTX). The Remittix presale has garnered substantial attention, raising over $15.8 million in a short period. The rapid success of the presale highlights the strong interest in Remittix, particularly as top cryptocurrencies like BTC and XRP have experienced sideways movement in recent weeks. Early adopters of RTX have already seen significant gains, with some reporting returns of up to 500x. Experts predict that Remittix could achieve 1,000% gains or more by 2025, especially as the project gains traction and the RTX token gets listed on reputable crypto exchanges.

Despite the bearish sentiment in the broader crypto market, the price of Bitcoin has maintained an average of around $106K over the past month. This resilience is largely attributed to the continuous purchase of Bitcoin by institutions. Companies like Strategy and Metaplanet are accumulating BTC in large quantities, with Metaplanet's recent purchase pushing it ahead of Tesla in the rankings of top Bitcoin holders. The institutional buying spree has helped Bitcoin maintain its value, even in the face of global tensions and market volatility.

Retail investors, however, are seeking higher returns and have turned their attention to altcoins like XRP for portfolio diversification. XRP's status in the crypto payment space, offering superfast cross-border payments at low costs, has made it an attractive option. However, the price of XRP has shown similar slow growth to BTC, remaining around $2 for the past few months. In contrast, RTX is experiencing a significant surge in price, positioning it for potentially larger gains compared to BTC and XRP in the coming years. The demand for RTX is expected to increase as more businesses and individuals use the Remittix Pay API for cross-border payments, further driving its value.

In conclusion, the crypto market is witnessing a dual trend: institutional investors are bolstering their Bitcoin holdings, while retail investors are exploring new opportunities in altcoins like Remittix. The promising outlook for Remittix, coupled with its current presale price of $0.0781, presents an attractive investment opportunity for those looking to capitalize on the potential growth of this new token. As the crypto landscape continues to evolve, both institutional and retail investors are adapting their strategies to navigate the dynamic market conditions.