BTC Reaches a New ATH of $111,861 on Bitcoin Pizza Day

TL;DR

• Bitcoin continues its rally, reaching a new all-time high price of $111,861 a few minutes ago.

• The rally comes as the crypto space celebrates Bitcoin Pizza Day.

BTC Hits $111k

Bitcoin, the leading cryptocurrency by market cap, continues its astonishing rally. A few minutes ago, it hit a new all-time high price of $111,861. The coin has now added over 4% to its value in the last 24 hours.

With a market cap of $2.21 trillion, Bitcoin is currently the world’s fifth-largest asset by market capitalization. This latest development comes as the crypto space celebrates Bitcoin Pizza Day today.

On May 22nd, 2010, programmer Laszlo Hanyecz purchased two Domino's pizzas for 10,000 BTC. With Bitcoin’s current price, the two pizzas are now worth over $1,100,000,000.

15 years ago today, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John's pizzas.

Today, 10,000 $BTC is worth over $1,100,000,000.

pic.twitter.com/ZsHnA7ZQWH

— Watcher.Guru (@WatcherGuru) May 22, 2025

Bitcoin’s ongoing rally can be attributed to growing institutional demand as BlackRock’s IBIT ETF continues to rake in net inflows. Earlier this week, Strategy announced its purchase of 7,390 BTC, bringing its total holdings to 576,230 BTC. Strive Enterprises, co-founded by Vivek Ramaswamy, is also looking to build a bitcoin treasury from 75,000 BTC ($8.2 billion) claims from the Mt. Gox estate.

The growing institutional demand for Bitcoin could fuel its price surge, as many analysts believe BTC could hit the $125k level in the coming months.