What is Bitcoin Pizza Day?
Bitcoin Pizza Day, celebrated annually on May 22, commemorates the first recorded instance of Bitcoin being used to purchase a real-world item. On this day in 2010, Florida-based programmer Laszlo Hanyecz paid 10,000 Bitcoins for two large Papa John's pizzas, marking a significant milestone in cryptocurrency history.
At the time, the 10,000 BTC were valued at approximately $41. However, as of May 2025, with Bitcoin trading around $111,000, those same coins would be worth over $1.1 billion, earning the pizzas the moniker "billion-dollar pizzas."
The transaction was facilitated through a Bitcoin forum, where Hanyecz offered 10,000 BTC to anyone willing to order and deliver two pizzas to him. A user named Jeremy Sturdivant accepted the offer, purchasing the pizzas and delivering them to Hanyecz.
This event is celebrated within the cryptocurrency community as a symbol of Bitcoin's evolution from a digital novelty to a mainstream financial asset. Each year, enthusiasts commemorate Bitcoin Pizza Day with various events and promotions, highlighting the journey and growth of cryptocurrencies.
Despite the staggering increase in Bitcoin's value since the original transaction, Hanyecz has expressed no regrets, viewing his purchase as a pivotal moment that demonstrated Bitcoin's potential as a medium of exchange.
As of now, Bitcoin (BTC) is trading at approximately $107,037, reflecting a slight decrease of 1.73% from the previous close.
For a brief overview of Bitcoin Pizza Day, you might find this video informative:
