Bitcoin Pizza Day, Cost of 2 Pizzas Today $268 Million

Bitcoin Pizza Day is an event that commemorates the first real-world transaction involving Bitcoin. On May 22, 2010, a programmer named Laszlo Hanyecz famously made a purchase using Bitcoin. He posted on a Bitcoin forum offering 10,000 Bitcoins in exchange for two large pizzas.

But then, on May 22, Jeremy Sturdivant, a 19-year-old at the time, started turning heads on the forum. He accepted the offer of 10,000 Bitcoin for two pizzas, valued at around $41 back then.

Sturdivant purchased the two pizzas and delivered them to Hanyecz’s place in Florida.

Laszlo Hanyecz posted on the forum that he had received the pizzas and shared the following photograph with his family.

Laszlo Hanyecz on bitcoin pizza day

At that time, the value of 10,000 Bitcoins was relatively low, and it was considered a novelty transaction.

Also Read: Top Crypto Payment Processors for Your Business in 2023

However, the significance of this event grew over time as Bitcoin’s value skyrocketed. Today, 10,000 Bitcoins would be worth $268 million. Bitcoin Pizza Day has become a symbol of the early days of Bitcoin and the transition from using it as a novelty item to a recognized medium of exchange.

Binance plans to celebrate this year’s Bitcoin Pizza Day, which is observed on May 22, through a series of exciting online and offline events happening globally.

Every year on May 22nd, the crypto community celebrates Bitcoin Pizza Day to remember this historic transaction and reflect on how far Bitcoin has come since then. It serves as a reminder of the early adopters’ vision and the growth of the cryptocurrency ecosystem as a whole.

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