Meet Laszlo Hanyecz, Who Purchased $700 Million Worth of Pizza

David Pokima
Updated
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Laszlo Hanyecz is popular for purchasing two pizzas for 10,000 Bitcoin (BTC), worth $700 million today. Bitcoin Pizza Day marks the one-of-a-kind pizza purchase. It also points to the wide adoption of Bitcoin in the last fourteen years. 

Today, Bitcoin hovers around $70,000 per coin from $41 in 2010, an astronomical increase as the asset’s value surged to traditional finance ecosystems.

Advertisement
Advertisement

Who Is Laszlo Hanyecz? 

Laszlo Hanyecz, a software developer and early Bitcoin adopter carved his name in history when he bought two Papa John’s Pizza on May 22, 2010. Aside from the current value of the transaction, it is known as the first known commercial transaction of Bitcoin.

I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some leftover for the next day.  I like having leftover pizza to nibble on later.  You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins.” 

Hanyecz is a British man who resides in Florida, United States, and has since made other notable Bitcoin transactions. Over the years, he spent approximately $100,000 BTC worth quite a fortune today which would have placed him among top whales. 

In a 2019 interview, Laszlo Hanyecz explained that dwelling on recent values would be counterproductive, adding that the move made the asset real for people. In the coming years, BTC soared in value breaching its all-time highs. 

Advertisement
Advertisement

Bitcoin Pizza Day

Bitcoin Pizza Day is celebrated to remember Laszlo Hanyecz’s historic purchase and modern developments of the asset. Crypto firms and pizza outlets widely embraced the celebration and offer discount on purchases.

Several users within the crypto community reflect on the rise of the asset with bulls projecting more runs as sentiments soar. Hanyecz also made it possible for more people to run the network software after he translated the code to Apple’s OS. 

Also Read: Ethereum Meme Coins Gain: Will Flows Sustain? 

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.