Bitcoin Pizza Day 2023: Honoring the First Documented BTC Transaction

  • On May 22, 2010, Laszlo Hanyecz made history by purchasing two pizzas from a Florida restaurant using 10,000 BTC, which was valued at $41 back then.
  • In line with tradition, crypto enthusiasts worldwide, including those in Indonesia, participated in the celebration by enjoying pizza.

The crypto community marked the anniversary of Bitcoin Pizza Day, a significant event in which Bitcoin (BTC) was exchanged for physical goods. On May 22, 2010, Laszlo Hanyecz made history by purchasing two pizzas from a Florida restaurant using 10,000 BTC, which was valued at $41 back then.

This transaction became a symbolic moment for the crypto industry, and every year since, the community celebrates the progress made since that time. In line with tradition, crypto enthusiasts worldwide, including those in Indonesia, participated in the celebration by enjoying pizza. A group of Bitcoiners in Bali even shared a photo of themselves relishing pizza on the anniversary of Bitcoin Pizza Day.

At the same time, cryptocurrency exchanges enthusiastically participated in the pizza-eating festivities. Binance, a prominent crypto exchange, offered pizza in Naples, Italy, while OKX, a trading platform, posted a picture of its employees’ lunch preparations as they got ready for the occasion.

Who was on the other end of the transaction?

While many others were busy eating pizza, some took the time to appreciate Jeremy Sturdivant, the person on the other end of the now-famous transaction. One Bitcoiner described Sturdivant as the “true hero” of the story. Though some speculated that Sturdivant sold the coins after the price increased by five or 10 times, while others thought he might have lost the keys. 

More details on Bitcoin Pizza Day

Although the Bitcoin pizza transaction is commonly acknowledged as the initial instance of using BTC for a physical goods exchange, there are speculations suggesting the existence of a prior sale. The online cryptocurrency community was abuzz on May 14 when discussions arose regarding the potential sale of an image in exchange for 500 BTC that took place months before the famous pizza purchase. It is worth noting that the transaction involving Bitcoin’s creator, Satoshi Nakamoto, was also connected to this sale.

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