Bitcoin Pizza Day commemorates the first real-world transaction using Bitcoin, where 10,000 BTC were exchanged for two pizzas on May 22, 2010. Here's an overview of this historic event:
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๐ Bitcoin Pizza Day: A Slice of Crypto History
๐ The First Bitcoin Transaction
On May 18, 2010, Laszlo Hanyecz, a programmer from Florida, posted on the Bitcointalk forum offering 10,000 BTC for two large pizzas. At that time, 10,000 BTC were valued at approximately $41. Four days later, on May 22, Jeremy Sturdivant (username "jercos") accepted the offer and arranged for two Papa John's pizzas to be delivered to Hanyecz's home in exchange for the bitcoins.
๐ก Significance of the Transaction
This transaction is widely regarded as the first real-world use of Bitcoin to purchase goods, demonstrating its potential as a medium of exchange. The event is celebrated annually as Bitcoin Pizza Day, symbolizing the early adoption and growth of cryptocurrency.
๐ Value Over Time
The value of Bitcoin has increased dramatically since 2010. As of May 22, 2025, Bitcoin reached an all-time high of $111,000, making the 10,000 BTC spent on the pizzas worth approximately $1.1 billion.