Bitcoin Pizza Day: Who paid 10,000 BTC for Pizza?

Highlights

Bitcoin Pizza Day marks the first user commercial transaction using BTC.
Programmer Laszlo Hanyecz traded two pizzas for 10,000 BTC, 15 years ago on May 20, 2010.
The same 10,000 tokens are worth $1.1 billion today as the Bitcoin price is above $109k.

The crypto industry was unprepared to witness the first commercial payment transaction 15 years ago, but it happened, resulting in the Bitcoin Pizza Day. An individual took the risk and traded his 10,000 BTC for pizza, making history. Although these tokens were worth just a few bucks at the time, they are worth $1.1B today.

Bitcoin Pizza Day Celebrates Laszlo Hanyecz’s BTC Transaction

The renowned Bitcoin Pizza Day is celebrated on May 22 and will mark the 15th anniversary tomorrow. It is celebrated by crypto enthusiasts and platforms all around the world, as the programmer Laszlo Hanyecz purchased two pizzas for 10,000 BTC, fifteen years ago.

Not only did he buy Pizza with a digital currency, but he also marked the first commercial usage of BTC in history. Sources reveal that, on May 22, 2010, Hanyecz utilized 10,000 BTC, equivalent to $42 at the time, to buy pizza, after he posted an offer on Bitcoin Forum for someone to order him Papa John’s Pizza for these 10,000 tokens.

Interestingly, Jeremy Sturdivant accepted it, making history. With that, they confirmed that this digital asset has a value outside of the internet world. From then, Bitcoin became the tool of solving traditional financial issues and has gained significant value over time.

With a legendary role in Bitcoin history, Laszlo Hanyecz is a well-known personality in the crypto industry. It is unclear if he still holds any of BTC, but experts believe that if he had, he could be a millionaire today.

Evolution of Bitcoin From Nothing to the 5th Biggest Asset

It has covered significant milestones from the worth of $0.0041 for BTC to $111.8k (new ATH) today. It includes institutional and retail buyers jumping on various trading opportunities. MicroStrategy recently bought 7,390 Bitcoin, and Metaplanet, among others, are doing the same.

Amid ongoing Senate Bills on Bitcoin Reserve among various US states, countries like Bhutan, El Salvador & others holding on BTC, it has become the 5th biggest asset after Gold, Microsoft, NVIDIA & Apple, per Global ranking.

At present, a day before Bitcoin Pizza Day, BTC trades at $$111k with a market capitalization of $2.2T. Additionally, it has a TV of $91.56B and dominance of 63%, revealing its demand and impact in the crypto market.

Frequently Asked Questions (FAQs)

1. Who is Laszlo Hanyecz?

Laszlo Hanyecz is a programmer who made the first ever commercial transaction of Bitcoin, exchanging 10,000 BTC for 2 pizzas.

2. How much are those 10,000 BTC worth today?

At the current Bitcoin price of $109k, they are worth more than $1 billion today.

3. What does the Bitcoin Pizza Day signify for the crypto industry?

It is among the biggest milestones for the crypto industry, as it signifies the adoption of BTC for real-world adoption and that has use cases outside of the Internet.

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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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