Bitcoin Hit a New ATH Above $111,700 on Its 15th Anniversary of “BTC Pizza Day”

Key Points

• Bitcoin Pizza Day on May 22 celebrates 15 years since BTC was used to buy a physical good – pizza.
• BTC reached a new ATH above $111,700, amidst market optimism.

Today, May 22, 2025, Bitcoin reached a new ATH above $111,700 – on the Bitcoin Pizza Day 15th anniversary. Bitcoin’s price was pushed higher by market optimism stemming from the approach of the Ukraine-Russia war, the US-China trade deal, and continued institutional interest.

Bitcoin Reaches a New ATH

At the moment of writing this article, Bitcoin is trading above $110,000, up by more than 3% in the past 24 hours. Earlier, the digital asset reached its new ATH above $111,700 – marking a historical moment.

Bitcoin reached its new ATH on May 22, a day that marks the 15th anniversary of Bitcoin Pizza Day.

1st Recorded Real-World BTC Transaction

On May 22, 2010, the Florida-based programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC and established the digital asset’s position as more than a concept. It was the first time that BTC was used to buy a physical good.

Today, at its ATH, 10,000 BTC translates into over $1,11 billion. On May 22, 2010, 10,000 BTC were worth about $40.

Bitcoin’s price continues to rise due to market optimism stemming from the nearing end of the Russia-Ukraine war, the recent China-US trade deal, and continued institutional interest in the digital asset and related products.

On May 19, the US President, Donald Trump, announced the beginning of peace negotiations between Russia and Ukraine.

Meanwhile, the US-based BTC ETFs continue their streak of inflows.

Bitcoin ETFs Continue Seeing Inflows

On May 21, BTC ETFs in the US recorded almost $609 million in inflows, marking the 6th consecutive inflow day since May 14.

BlackRock’s BTC ETF, IBIT, saw the biggest inflow on May 21, above $530,6 million. As of May 21, BTC ETFs saw over $129 billion in total net assets and a cumulative net inflow above $43,3 billion.

Optimism continues in the crypto ecosystem, and the general crypto market is up by 4% in the past 24 hours.