Bitcoin hit a new all-time high of $111,970 on Bitcoin Pizza Day, May 22 — exactly 15 years after someone famously bought two pizzas for 10,000 Bitcoins in 2010. Those pizzas would now be worth around $1.1 billion.
Big Investors Keep Buying Bitcoin
Even at this high price, institutional investors are still buying more Bitcoin:
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MicroStrategy, a U.S. company, bought 7,390 more Bitcoins for about $765 million.
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It now owns 576,230 Bitcoins, making it the largest company holder of BTC.
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The company also announced a $2.1 billion stock sale to raise more money — mainly to buy even more Bitcoin.
Michael Saylor, MicroStrategy’s founder, said:
“If you’re not buying Bitcoin at its all-time high, you’re leaving money on the table.”
Japan’s Metaplanet Also Bets on Bitcoin
In Japan, Metaplanet, a company similar to MicroStrategy, saw its stock double in one day. Over the week, the stock rose 26%. This jump happened because many people had bet against the company (short selling), and had to quickly buy shares to cover losses — a situation known as a short squeeze.
One analyst, Simon Gerovich, said:
“Do people really think betting against Bitcoin is a good idea?”
What Is Bitcoin Pizza Day?
Bitcoin Pizza Day is a special day in crypto history. On May 22, 2010, someone bought two pizzas for 10,000 BTC. That was the first real-world Bitcoin transaction. Now, those Bitcoins would be worth more than $1 billion.
This shows how much Bitcoin has grown in value and importance.
Final Thoughts
Bitcoin’s new price record and the strong interest from big companies like MicroStrategy and Metaplanet show that institutional support for crypto is getting stronger. Their actions are making the market more active, sometimes causing fast price changes. But overall, this trend shows that Bitcoin is becoming more accepted in the financial world.
Disclaimer: This summary is for information only and not financial advice.
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