On May 22, 2010, programmer Laszlo Hanyecz made the first real-world Bitcoin transaction by purchasing two Papa Joe's pizzas for 10,000 BTC. Valued at roughly $41 at the time, those bitcoins are now worth hundreds of millions (or billions) of dollars, making it the most expensive meal in history. The date is celebrated annually as "Bitcoin Pizza Day".
The Key Details
The Buyer & Offer: Laszlo Hanyecz, a Florida-based developer, posted on the Bitcointalk forum offering 10,000 BTC for two pizzas, aiming to prove Bitcoin could be used for, rather than just mined, tangible items.
The Seller: Jeremy Sturdivant ("jercos"), another Bitcoin enthusiast, accepted the offer, bought the pizzas with a credit card, and received the 10,000 BTC.
The Cost: In May 2010, the 10,000 BTC were worth about.
The Legacy: Today, this event is celebrated as a key moment in crypto history when Bitcoin gained real-world value. Despite the astronomical value increase, Hanyecz has stated he has no regrets, as it helped popularize the currency.
More Than Just Two Pizzas
While the May 22, 2010 event is the famous transaction, Hanyecz continued to buy pizzas with bitcoin for some time after. In 2018, to mark the anniversary, he bought two more pizzas using the Bitcoin Lightning Network for a fraction of a BTC.
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