Istiak Hosen
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#Binancepizza
We all know the legend of Bitcoin Pizza Day—May 22, 2010—when Laszlo Hanyecz famously spent 10,000 BTC (worth a mere $41 at the time) on two Papa John’s pizzas. Fast forward to today, and that same Bitcoin would be worth hundreds of millions of dollars, making it the most extravagant meal in history.
But what about the other side of the story? Who was the genius—or just a lucky teen—who received those 10,000 BTC? Let’s dive in.
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1️⃣ Meet the Seller: Jeremy Sturdivant, a.k.a. "jercos"
At just 19 years old, Jeremy Sturdivant stumbled upon Laszlo’s quirky offer on a Bitcoin forum: 10,000 BTC in exchange for two pizzas. Seeing an opportunity, he decided to take up the challenge and delivered the pizzas (valued at $25) in exchange for what was, at the time, “play money.”
Jeremy, or “jercos,” had no idea this small transaction would go down in history.
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2️⃣ What Happened to the 10,000 BTC? 🤯
Unlike Laszlo, Jeremy didn’t hodl those 10,000 BTC to watch them turn into generational wealth. Instead, he spent or traded them within niche online communities as Bitcoin began to gain traction.
Why didn’t he hold onto them?
Back in 2010, Bitcoin wasn’t seen as a store of value but as a fun, experimental currency. Jeremy later remarked he had “no regrets” about not holding the coins, as Bitcoin was never about wealth back then—it was about utility and experimentation.
We all know the legend of Bitcoin Pizza Day—May 22, 2010—when Laszlo Hanyecz famously spent 10,000 BTC (worth a mere $41 at the time) on two Papa John’s pizzas. Fast forward to today, and that same Bitcoin would be worth hundreds of millions of dollars, making it the most extravagant meal in history.
But what about the other side of the story? Who was the genius—or just a lucky teen—who received those 10,000 BTC? Let’s dive in.
---
1️⃣ Meet the Seller: Jeremy Sturdivant, a.k.a. "jercos"
At just 19 years old, Jeremy Sturdivant stumbled upon Laszlo’s quirky offer on a Bitcoin forum: 10,000 BTC in exchange for two pizzas. Seeing an opportunity, he decided to take up the challenge and delivered the pizzas (valued at $25) in exchange for what was, at the time, “play money.”
Jeremy, or “jercos,” had no idea this small transaction would go down in history.
---
2️⃣ What Happened to the 10,000 BTC? 🤯
Unlike Laszlo, Jeremy didn’t hodl those 10,000 BTC to watch them turn into generational wealth. Instead, he spent or traded them within niche online communities as Bitcoin began to gain traction.
Why didn’t he hold onto them?
Back in 2010, Bitcoin wasn’t seen as a store of value but as a fun, experimental currency. Jeremy later remarked he had “no regrets” about not holding the coins, as Bitcoin was never about wealth back then—it was about utility and experimentation.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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