{"id":44417,"date":"2026-05-22T16:08:56","date_gmt":"2026-05-22T16:08:56","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44417"},"modified":"2026-05-22T16:08:56","modified_gmt":"2026-05-22T16:08:56","slug":"happy-bitcoin-pizza-day-the-16th-anniversary-of-laszlo-hanyecz-paying-10000-btc-for-two-papa-johns-pies","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44417","title":{"rendered":"Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nHappy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies<\/a><\/p>\n

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Sixteen years ago today, a Florida programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two large Papa John\u2019s pizzas. At the time, those coins were worth roughly $41. On this Pizza Day, they are worth $777.87 million \u2014 down $328 million from last year\u2019s anniversary price.\u00a0<\/p>\n

Bitcoin Pizza Day,<\/a> observed each May 22, marks the first commercial transaction using Bitcoin \u2014 the moment a digital currency stopped being a theoretical experiment and became a medium of exchange for real goods.<\/p>\n

On May 18, 2010, Hanyecz posted<\/a> on the BitcoinTalk forum with a straightforward offer: 10,000 BTC to anyone willing to order him two pizzas. Some forum users were skeptical \u2014 one pointed out he could sell the coins for $41 in cash.\u00a0<\/p>\n

Hanyecz\u2019s reply was simple: \u201cI just think it would be interesting if I could say that I paid for a pizza in Bitcoins\u201d. Four days later, a then-19-year-old forum user named Jeremy Sturdivant accepted, ordered the pies from Papa John\u2019s, and collected 10,000 BTC via manual transfer. Bitcoin had its first exchange rate against a consumer good.<\/p>\n

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Everyone talks about the guy who paid 10,000 bitcoin for two pizzas, but no one talks about the guy who received the 10,000 bitcoin.<\/p>\n

Meet Jeremy Sturdivant, the man who got paid 10,000 BTC for selling two pizzas on this day in 2010.<\/p>\n

\u201cI had no idea how huge it would become\u201d \"\u2728\" pic.twitter.com\/0Svz1fkFsU<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 22, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The $328 million bitcoin haircut<\/h2>\n

Every May 22, that fixed 10,000 BTC gets revalued at the day\u2019s spot price \u2014 the cleanest annual benchmark crypto has. In 2024, the stack was worth $674 million. In 2025, it hit a record $1.106 billion, with Bitcoin trading at $110,568 on that day\u2019s all-time high. Today, with Bitcoin near $77,300, the stack sits at $777.87 million \u2014 down 29.7% from last year.<\/p>\n

The decline began on October 6, 2025, when Bitcoin reached a fresh all-time high of $126,000. Four days later, President Donald Trump announced<\/a> 100% tariffs on Chinese imports and export controls on critical U.S. software.\u00a0<\/p>\n

Within hours, total crypto market capitalization fell nearly $200 billion in a single session, Bitcoin dropped from $122,000 to $107,000, and approximately $19 billion in leveraged positions were liquidated \u2014 the largest single-day liquidation event in crypto history.<\/p>\n

The worst start since 2018<\/h2>\n

Q1 2026 became Bitcoin\u2019s third-worst opening quarter on record, closing down 23.2%, with spot Bitcoin ETFs bleeding $4.5 billion in outflows across the first eight weeks of the year. Iran tensions compounded the pressure, as U.S.-Israeli airstrikes on February 28 triggered a sharp risk-off rotation, trapping Bitcoin<\/a> between $60,000 and $75,000 for much of March.\u00a0<\/p>\n

Q2 has brought partial recovery \u2014 Bitcoin has climbed roughly<\/a> 14% over the quarter \u2014 but the broader crypto market cap sits at $2.65 trillion today, down from $2.9 trillion just one week ago.<\/p>\n

This post Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies Sixteen years ago today, a Florida programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two large Papa John\u2019s pizzas. At the time, those coins were worth roughly $41. On this Pizza Day, they are worth […]<\/p>\n","protected":false},"author":1,"featured_media":44418,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-44417","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nHappy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44417\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Happy Bitcoin Pizza Day, The 16th Anniversary of Laszlo Hanyecz Paying 10,000 BTC For Two Papa John\u2019s Pies Sixteen years ago today, a Florida programmer named Laszlo Hanyecz paid 10,000 Bitcoin for two large Papa John\u2019s pizzas. 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