{"id":7404,"date":"2026-05-22T16:17:09","date_gmt":"2026-05-22T16:17:09","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/05\/22\/happy-bitcoin-pizza-day-the-16th-anniversary-of-laszlo-hanyecz-paying-10000-btc-for-two-papa-johns-pies\/"},"modified":"2026-05-22T16:17:09","modified_gmt":"2026-05-22T16:17:09","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:\/\/digkrypton.com\/index.php\/2026\/05\/22\/happy-bitcoin-pizza-day-the-16th-anniversary-of-laszlo-hanyecz-paying-10000-btc-for-two-papa-johns-pies\/","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><\/p>\n

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

<\/div>\n

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

\n

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 pic.twitter.com\/0Svz1fkFsU<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 22, 2026<\/a>\n<\/p><\/div>\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":0,"featured_media":7405,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7404"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7405"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}