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Bitcoin Pizza Day: Ancient Coins Move as BTC Hits New High

15 years after Laszlo Hanyecz's historic pizza purchase, old Bitcoin wallets stir amid BTC's record surge to $111,903 and unprecedented derivatives activity.
Published on 2025-05-22

Bitcoin's Historic Pizza Day Marks New Milestone

Fifteen years after Laszlo Hanyecz famously spent 10,000 BTC on two pizzas, worth over $1.1 billion today, Bitcoin reached a new all-time high of $111,903 on its anniversary. This milestone coincided with increased activity in ancient wallets from the Satoshi era, signaling a shift in the cryptocurrency's market dynamics.

Ancient Coins Stir Amid Price Surge

On-chain analytics platform Glassnode revealed that Bitcoin from the Satoshi era, once considered dormant, has shown fresh movement. The >10-year cohort’s share of Bitcoin’s Realized Cap dropped from 0.045% to 0.033%, with notable declines between December and February, and renewed activity since April 20. This resurgence aligns with Bitcoin’s price rally, which peaked at $109,114 in January before retracing and rebounding in April.

Bitcoin's Price Rally and Market Impact

Bitcoin’s climb to $111,903 marked a new all-time high, reigniting interest in early holders, including the enigmatic Satoshi Nakamoto. The price surge also sparked unprecedented activity on the Deribit options market, with open contracts reaching a record $42.5 billion. This highlights growing investor confidence and the maturation of Bitcoin as a financial asset.

A Testament to Bitcoin's Growth

The movement of ancient coins and Bitcoin’s record price underscore its remarkable growth since the 2010 pizza purchase. As the cryptocurrency continues to evolve, events like this remind us of its transformative potential and the enduring legacy of its early adopters.

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