Bitcoin Pizza Day Stack Value Slides 29.7% To $777.9 Million
10,000 BTC used to purchase two pizzas in 2010 is valued at $777.87 million on May 22, 2026, down from $1.106 billion last year. The 29.7% year-over-year drop is the steepest Pizza Day decline since 2015’s 54% slide during a bear market.
1. Pizza Day Valuation Decline
On May 22, 2026, the 10,000 BTC used to buy two pizzas in 2010 held a notional value of $777.87 million, marking a 29.7% decrease from the $1.106 billion valuation recorded on the same date in 2025.
2. Price Performance Over Q1-Q2 2026
Bitcoin closed the first quarter of 2026 down 22.2% and recovered roughly 14% in the second quarter, leaving its year-to-date performance in negative territory despite recent gains.
3. Historical Comparison
This 29.7% drop is the largest year-over-year Pizza Day decline since 2015’s 54% slide, surpassing all previous anniversary drops.
4. Market Influences
October 2025’s announcement of 100% tariffs on Chinese imports triggered nearly $200 billion in crypto market losses, ending Bitcoin’s bull run above $126,000 and contributing to the current valuation downturn.