Every year on May 22, the crypto community celebrates Bitcoin Pizza Day—a moment that marks the first real-world transaction using Bitcoin. Back in 2010, Laszlo Hanyecz, a Florida-based programmer, made history by paying 10,000 BTC for two large Papa John’s pizzas. At the time, the order was worth just $41—but today, those coins would be valued at over $1.1 billion.
Laszlo didn’t place the order himself. He posted an offer on the Bitcoin Talk forum, and another user agreed to the trade, purchasing the pizzas on his behalf. The deal took four days to finalize—highlighting how new and experimental Bitcoin was at the time.
Despite the unimaginable current value of those coins, Laszlo has no regrets. He was more focused on demonstrating that Bitcoin had real-world use. In fact, he went on to spend over 100,000 BTC on pizza in the months that followed, pioneering crypto’s role in everyday transactions.
Today, Bitcoin Pizza Day is honored with global enthusiasm—through memes, tweets, pizza parties, and sometimes even by buying pizza with Bitcoin. It’s a light-hearted reminder of Bitcoin’s humble beginnings and a testament to the power of early adoption (and hodling).
Bitcoin Hits New All-Time High Ahead of Pizza Day
In a fitting twist of fate, Bitcoin reached a new all-time high of $111,544 on May 21, just one day before Pizza Day. The cryptocurrency now boasts a market cap of over $2.2 trillion and recorded $76 billion in trading volume in the past 24 hours alone—signaling growing interest from both retail and institutional investors.
Bitcoin has surged nearly 58% in the past year and over 25% in just the last month, driven by increasing global adoption, macroeconomic uncertainty, and anticipation of the upcoming halving event. With 19.86 million BTC already in circulation, the network is steadily approaching its 21 million coin cap, reinforcing Bitcoin’s scarcity and long-term value.
From a $41 pizza to a trillion-dollar asset, Bitcoin Pizza Day isn’t just about food—it’s about celebrating a revolution in finance.
