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Bitcoin Pizza Day Is Now a $1.1B Celebration
An order for two pizzas was paid with 10,000 BTC fifteen years ago. Today, that same order is worth over $1.1 billion — just as BTC just hit fresh record highs.
Updated May 22, 2025, 3:37 p.m. Published May 22, 2025, 7:16 a.m.
What to know:
- Bitcoin reached a new all-time high of $111,800 on the 15th anniversary of Bitcoin Pizza Day.
- In 2010, Laszlo Hanyecz made the first recorded commercial transaction with bitcoin, buying two pizzas for 10,000 BTC.
- The 10,000 BTC used for the pizza purchase is now worth over $1.1 billion, highlighting the cryptocurrency's dramatic rise in value.
Bitcoin Pizza Day is here and it just got its most fitting tribute yet: a new all-time high.
Bitcoin surged past $111,800 early Thursday, setting a fresh record. 15 years ago on this day developer Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, then worth roughly $40.
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The May 22, 2010, purchase marked the first recorded commercial transaction using BTC, a turning point that took the asset from cypherpunk code to actual currency.
That same 10,000 BTC can buy over 70 million pizzas at current prices. It is worth over $1.1 billion as of Thursday.
Hanyecz has long shrugged off the missed fortune” tag, telling CBS in 2019 that the transaction made bitcoin “real” to him. He mined the coins back when BTC was under a penny, and few could have predicted the multi-trillion-dollar asset it would become.
Still, the transaction remains a cultural milestone for the crypto market — a moment that showed internet money could work as actual currency. Now, it’s not just pizza being paid for with bitcoin. It’s property, cars, and in some countries, even taxes (briefly).
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