Happy Bitcoin Pizza Day! ๐Ÿ•

The most expensive pizza in history, a $1.75T IPO filing, and major Bitcoin moves from Wall Street names this week.

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YOUR DOSE OF CRYPTO WISDOM AND ENTERTAINMENT

It's May 22, Bitcoin Pizza Day, and the crypto world is feeling nostalgic. Sixteen years ago, a developer paid 10,000 BTC for two pizzas and made history. This week, a rocket company filed to go public with 18,712 of those same coins on its balance sheet, a billionaire publicly dumped most of his stack, and a new kind of exchange is making Wall Street pay attention. A lot has changed since Papa John's. Let's get into it ๐Ÿ•

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๐Ÿ“ฐ THIS WEEKโ€™S HOT NEWS

Bitcoin Pizza Day 2026: 10,000 BTC Turns 16

On May 22, 2010, a Florida developer named Laszlo Hanyecz posted on the BitcoinTalk forum asking someone to order him two pizzas in exchange for 10,000 BTC. A user known as "jercos" took the deal, and that transaction became the first time Bitcoin was used to buy something physical. At the time, Bitcoin had no market price, no exchanges, and no mainstream recognition. The 10,000 coins were worth roughly $41. Today, using current market rates, those same coins are valued at more than $770 million.

Bitcoin Pizza Day is now an annual milestone for the community, a reminder that crypto's biggest stories often start with the simplest experiments.

SpaceX Files for IPO with $1.5T+ Valuation โ€” and 18,712 BTC on the Books

SpaceX has filed its S-1 with the SEC, targeting a Nasdaq listing under the ticker SPCX at a valuation of around $1.75 trillion, with upside scenarios reaching $2 trillion. If it gets there, this would be one of the largest IPOs in history. Buried in the filing: SpaceX holds 18,712 BTC, acquired at an average cost of about $35,300 per coin. At today's prices, that position is worth roughly $1.45 billion, making SpaceX one of the largest corporate Bitcoin holders in the world, ahead of Coinbase.

The company generated $18.7 billion in revenue in 2025 and is pursuing what it describes as a $28.5 trillion total addressable market across aerospace, satellite internet, and AI. Trading could begin as early as next month.

Mark Cuban Sold Most of His Bitcoin โ€” Says It "Lost the Plot"

"I always thought it was a better version of gold than gold. Well, gold just blew up and went to $5,000, and Bitcoin dropped. Not the hedge I expected it to be."

Mark Cuban

In an interview with Front Office Sports, billionaire investor Mark Cuban said he has sold most of his Bitcoin after it failed to act as a safe-haven asset during the recent period of geopolitical stress. Cuban had previously argued Bitcoin was superior to gold in inflationary environments but when the US-Iran conflict sent gold surging past $5,000 per ounce, Bitcoin fell instead of rallying. He estimates he reduced his holdings by around 80%.

Cuban also called NFTs "disappointing," described meme coins as "garbage," and said crypto has yet to build "an application for grandma", meaning something everyday people actually use. It's a notable reversal from one of crypto's most prominent mainstream advocates.

Hyperliquid ETF Pulls in $5M โ€” The Exchange That Priced the Iran Strike 48 Hours Early

When US and Israeli forces struck Iran on February 28, the CME was closed. Every traditional market went dark. Hyperliquid didn't, its onchain derivatives platform kept running, pushing WTI crude perpetuals to $111.53 in real time, nearly 48 hours before legacy markets reopened and priced in the same move. That moment is now being cited as the turning point that put Hyperliquid on institutional investors' radar.

Asset manager 21Shares launched a Hyperliquid ETF on Nasdaq on May 12, drawing over $5 million in inflows within days. Bitwise quickly followed with its own product on the NYSE. The platform now handles oil, gold, silver, S&P 500 futures, and even pre-IPO sentiment, reducing crypto's share of its total trading volume from 90% to around 65%. With 11 employees and $873 million in 2025 revenue, Hyperliquid is generating roughly $79M per employee, compared to CME's $1.7M.

๐Ÿ“ˆ TOP GAINERS & LOSERS

Top gainers

  1. NEAR Protocol (NEAR) - jumped by 44.21% to $2.24 this week;

  2. Hyperliquid (HYPE) - surged 31.40% during that time to reach a price of $59.26;

  3. Venic Token (VV) - The price went up 28.52% to $18.38.

Top losers

  1. Flare (FLR) - end week price of $0.008391, falling this week by 13.14%.

  2. Bitcoin Cash (BCH) - lost 12.32% to end the week at a price of $378.53.

  3. Arbitrum (ARB) - finished the week down 12.26%, at $0.1129;

๐Ÿ“˜ EDUCATIONAL PICK โ€” LEARN & LEVEL UP

๐Ÿฆ TWEETS OF THE WEEK

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Disclaimer: We're here to entertain, not to be your financial guru. This newsletter is purely for educational purposes and does not constitute financial advice or a magical fortune-telling session. So, grab your popcorn, enjoy the read, but remember to use your own wits and conduct thorough research before making any money moves. Stay curious, my friend!