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

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.