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Ten Years Ago, Two Pizzas Were Purchased For 10,000 Bitcoins. Today, That’s The Equivalent Of Over $400 Million

The 10,000 bitcoins that Hanyecz used to purchase the pizzas were priced at around $40 in total at the time, but today, when one bitcoin is currently worth somewhere between $35,000 and $40,000, they might be worth as much as $402 MILLION.

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May 22nd, 2010: History was made when an early Bitcoin adopter named Laszlo Hanyecz purchased two large Papa John’s pizzas from another Bitcoin user, marking what is believed to be the first time the cryptocurrency was used to purchase goods or services in the real world. The 10,000 bitcoins that Hanyecz used to purchase the pizzas were priced at around $40 in total at the time, but today, when one bitcoin is currently worth somewhere between $35,000 and $40,000, they might be worth as much as $402 MILLION.

Everything began when Hanyecz posted an intriguing offer on the Bitcoin Talk forum at the time:

“I’ll give you 10,000 bitcoins for a few pizzas—possibly two huge ones so I have some left over for tomorrow. I enjoy having leftover pizza for subsequent snacks. You can make the pizza yourself and deliver it to my house, or you can order it for me from a delivery service. However, what I’m aiming for is getting food delivered for bitcoins without having to order or prepare it myself, similar to ordering a “breakfast platter” at a hotel or something. They just bring you something to eat and you’re satisfied!

“I enjoy the standard fare—onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.—without any strange fish toppings or other extras. I also enjoy normal cheese pizzas, which could be easier to make or buy elsewhere. Please let me know if you’re interested so that we can work out a deal.”

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Shannon O’Hara/Getty Images

Getty Images/Shannon O’Hara

Ten years later, the day of that transaction is now celebrated by bitcoin fans as Bitcoin Pizza Day. Hanyecz gives occasional retrospective interviews to various outlets, where he claims to have no regrets regarding his (in)famous pizza purchase.

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