A Man Paid 10,000 Bitcoin for Two Pizzas — the First Real-World Bitcoin Transaction

On May 22, 2010, programmer Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John's pizzas — the first real-world Bitcoin purchase. At the time, those coins were worth about $41. At Bitcoin's peak, they would have been worth over $700 million.

He Paid 10,000 Bitcoin for Two Pizzas.

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On May 22, 2010, a Florida programmer named Laszlo Hanyecz posted on a Bitcoin forum. He wanted to buy two large pizzas and was offering 10,000 Bitcoin in exchange. At the time, Bitcoin was worth fractions of a cent, and no one had ever used it to buy anything in the real world.

He did it again a few months later, too. Same deal. More pizza.

Frequently Asked Questions

How much were 10,000 Bitcoin worth when used to buy pizza?
On May 22, 2010, 10,000 Bitcoin were worth approximately $41. Laszlo Hanyecz used them to buy two large Papa John''s pizzas.
What is Bitcoin Pizza Day?
May 22 is celebrated as Bitcoin Pizza Day, marking the anniversary of the first real-world Bitcoin transaction in 2010.
How much would the Bitcoin pizza be worth today?
At Bitcoin''s peak price near $69,000 in 2021, the 10,000 BTC would have been worth approximately $690 million, making it the most expensive pizza purchase in history.
Does Laszlo Hanyecz regret the Bitcoin pizza purchase?
No. He has said the transaction helped prove Bitcoin could work as real currency and that he saw it as free pizza for contributing to an open-source project.

Verified Fact

Well-documented event. Original BitcoinTalk forum post archived. Confirmed by CNN, BBC, Anderson Cooper interview (2019). May 22 is officially "Bitcoin Pizza Day." Hanyecz has spoken about it extensively. The $41 valuation and 10,000 BTC amount are undisputed.

BBC News

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