GlassNode, an on-chain analytics platform, made history 15 years after Lazlo Haniets spent 10,000 BTC (currently worth $1.1 billion) on two pizzas, noting in a recent tweet that some of these early Bitcoins are still in motion.
According to GlassNode, Bitcoin in the Satoshi era, referring to an era when Bitcoin creators were still active in the crypto space, is quietly shifting in the chain. These ancient wallets, previously considered dormant, have seen fresh activity over the past few months.
GlassNode observed that the share of the Bitcoin realization cap for more than 10 years has dropped from a peak of 0.045% to 0.033%. In particular, this decline accelerated between December and February, and recovered again from April 20th.
Fifteen years after Laszlo bought pizza at $10,000 BTC, it’s worth more than $1.1 billion – some of the coins of that era are still in motion.
#BTC realisation cap share of the cohort for over 10 years fell from a peak of 0.045% to 0.033%, with a sharp decline from December to March and again after April 20th.
– GlassNode (@GlassNode) May 22, 2025
It is consistent with the timing of the re-awakening of these ancient coins from December to February, and with the rise in Bitcoin prices in April. Bitcoin first hit six-person figures in December, peaking at $109,114 in January, then fell afterwards.
Bitcoin revived the uptrend in April from a low of $74,553. Recent Surges have highlighted early owners, including mystical creator Nakamoto.
Bitcoin reaches its all-time high on Pizza Day
Bitcoin marked the 15th anniversary of Bitcoin Pizza Day, hitting a new all-time high of $111,903.
In 2010, Laszlo Hanyecz first conducted a known commercial Bitcoin transaction, buying two pizzas for 10,000 BTC. The 10,000 BTC used in pizza transactions is currently worth more than $1.1 billion, indicating extraordinary growth in cryptocurrency value.
Bitcoin prices rose to a fresh high of over $111,000, triggering unprecedented activity in the delivery bit options market. Deribit’s open options agreement recorded a record $42.5 billion, raising market interest.