#BinancePizza
The story of "buying two pizzas for 10,000 BTC" is a famous historical event in the cryptocurrency community. This was the first recorded commercial transaction using Bitcoin, marking the beginning of Bitcoin's use as a practical payment method.
🍕 Legendary Transaction Details
Date: May 22, 2010
Buyer: Laszlo Hanyecz – an American programmer
Transaction: He paid 10,000 BTC to buy two pizzas from the Papa John’s chain through an intermediary on the Bitcointalk forum.
Value at that time: Approximately $41 for 10,000 BTC
Current value (estimated May 2025):
If 1 BTC ≈ $60,000 ⇒ 10,000 BTC = 600 million USD
📅 Bitcoin Pizza Day
An annual celebration on May 22, known as Bitcoin Pizza Day
Celebrated and recognized by exchanges such as Binance, Coinbase, and the global crypto community.
Significance: Honors the evolution of Bitcoin from an intangible idea to a valuable asset.
🔁 What does that transaction mean?
It demonstrates that Bitcoin is not just theoretical but can be used to exchange for real goods.
It initiated the commercial cryptocurrency ecosystem, leading to the development of DeFi, stablecoins, and Web3 later on.
It has become a cultural symbol of the crypto community, as well as a classic lesson in “holding coins long-term” 😅