Over $270 Million For Two Pizzas: What is May 22 Bitcoin Pizza Day?

In May 22, 2010, first Bitcoin transaction to buy a real thing took place. A man from Florida requested 2 Pizzas, accepting to pay 10.000 Bitcoins in exchange. That day, is being remembered as “Bitcoin Pizza Day” all over the world.

The first Bitcoin transaction took place on May 22, 2010, when a Florida man used the digital money to buy two pizzas. Not because of the transaction, but rather because of the price: the individual in question paid 10,000 Bitcoins, which are currently worth over $270 million, for the two pizzas on that particular day.

Laszlo Hanyecz agreed to pay 10,000 Bitcoins on May 22, 2010, which is now recognized as Bitcoin Pizza Day, for two delivered Papa John’s pizzas. The Florida man organized on the bitcointalk website and requested assistance. Hanyecz stated, “I’ll pay 10,000 bitcoins for a few pizzas.. maybe 2 large ones so I have some left over for tomorrow.”

“I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!”

-Laszlo Hanyecz

Hanyecz offered to buy the two pizzas for him, and a British man agreed to do it in exchange for the 10,000 Bitcoins. Even back then, the recipient of the Bitcoins scored a deal when he paid $25 for the pizzas instead of the then-current $41 value of 10,000 Bitcoins.

Today, two pizzas are worth around $270.000.000. In 2021 bull market, they were worth more than $680.000.000.

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