Bitcoin’s Historic Surge: From Pizza Purchase to $1.1 Billion Milestone
On the 15th anniversary of Bitcoin's first recorded commercial transaction, the cryptocurrency has reached a staggering new all-time high of $111,800. This milestone coincides with Bitcoin Pizza Day, a celebration of developer Laszlo Hanyecz's infamous 2010 purchase of two Papa John's pizzas for 10,000 BTC—a transaction worth just $40 at the time but now valued at over $1.1 billion. Hanyecz's purchase marked a pivotal moment in Bitcoin's evolution from a cypherpunk experiment to a functional digital asset. Today, as Bitcoin continues to break records, this event serves as a powerful reminder of the cryptocurrency's unprecedented growth and potential. The surge underscores Bitcoin's enduring dominance in the crypto market and its transformative impact on global finance. With this latest achievement, Bitcoin solidifies its position as the leading digital store of value, captivating both institutional and retail investors worldwide.
Bitcoin Pizza Day Marks $1.1B Milestone as BTC Hits Record High
Bitcoin surged past $111,800 early Thursday, setting a fresh all-time high on the 15th anniversary of its first recorded commercial transaction. The milestone coincides with Bitcoin Pizza Day, commemorating developer Laszlo Hanyecz's 2010 purchase of two Papa John's pizzas for 10,000 BTC—then worth $40, now valued at over $1.1 billion.
Hanyecz's transaction marked Bitcoin's evolution from cypherpunk experiment to functional currency. The same 10,000 BTC could now buy 70 million pizzas at current prices. Despite the staggering appreciation, Hanyecz maintains the 2010 trade made bitcoin "real" to him, having mined the coins when BTC traded below a penny.
Bitcoin Pizza Day: A Billion-Dollar Lesson in Crypto History
May 22 marks Bitcoin Pizza Day, a pivotal moment in cryptocurrency lore. Fifteen years ago, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas—a transaction worth $40 at the time. Today, those coins WOULD command over $1.07 billion as Bitcoin hits a record $111,861.22.
The anniversary coincides with Bitcoin's latest all-time high, underscoring the asset's staggering appreciation. What began as a quirky forum trade now stands as a cultural touchstone for crypto adoption, demonstrating both the volatility and transformative potential of digital assets.
Cryptocurrency Markets Soar as Bitcoin Reaches New Heights
Bitcoin surged to a record $111,861.22 amid robust institutional demand and favorable regulatory developments, propelling the total crypto market capitalization up 3.56% to $3.51 trillion. Daily trading volumes spiked 62%, exceeding $192.3 billion as BTC dominance held steady near 63%.
Altcoins showed signs of awakening as investors rotated capital, with ethereum and other major tokens posting double-digit gains. The market move follows increasing ETF inflows and clearer regulatory guidance in key jurisdictions.
MicroStrategy Records $15 Billion Profit as Bitcoin Hits All-Time High
MicroStrategy (MSTR) has emerged as the dominant institutional player in Bitcoin accumulation, reporting a staggering $15 billion unrealized gain as BTC surged to a record $109,500. The business intelligence firm now holds 324,000 BTC—more than all other public companies combined—positioning it for potential inclusion in the S&P 500.
"$MSTR is the apex bitcoin accumulator," noted analyst Jeff Walton, highlighting the company's aggressive acquisition strategy that added 105,000 BTC beyond all corporate holdings combined in just eight months. The milestone comes amid growing recognition of Bitcoin as a institutional-grade asset, with MicroStrategy's treasury strategy reshaping corporate crypto adoption paradigms.
