Today, May 22, 2025, the cryptocurrency world commemorates Bitcoin Pizza Day, a significant anniversary marking the first known commercial transaction using Bitcoin. This year’s celebration is made even more remarkable as Bitcoin has surged to an unprecedented high, breaking the $111,000 barrier for the first time in its history.
The significance of May 22nd lies in a now-legendary event that took place on this day in 2010. American programmer Laszlo Hanyecz famously purchased two Papa John’s pizzas for 10,000 BTC. To put this in perspective, the two pizzas cost him around $25 at the time, while those 10,000 bitcoins were worth a mere $41.
This transaction, orchestrated through the Bitcoin Talk forum, was a pivotal moment for the nascent cryptocurrency. It demonstrated, for the first time, that Bitcoin could be used for tangible, real-world purchases without the need for traditional financial intermediaries. Fast forward to today, and that same 10,000 BTC is now worth an astounding $1.1 billion, highlighting the incredible growth in Bitcoin’s value over the past fifteen years.
Laszlo Hanyecz himself has often stated that he holds no regrets about his now-historic pizza purchase. In 2010, Bitcoin held negligible financial value, and the very idea of using cryptocurrency to buy everyday items like pizza was considered an innovative and experimental concept. Since that groundbreaking transaction, May 22nd has been annually celebrated by the crypto community as Bitcoin Pizza Day, a reminder of Bitcoin’s humble beginnings and its journey to becoming a global financial asset.
Adding to the celebratory atmosphere, yesterday, May 21st, Bitcoin reached a new all-time high, soaring above the $111,000 mark. This historic price surge coinciding with the eve of Bitcoin Pizza Day underscores the cryptocurrency’s remarkable resilience and increasing adoption over the years. The juxtaposition of a simple pizza purchase for a fortune in today’s value with Bitcoin’s record-breaking price serves as a powerful illustration of the cryptocurrency’s transformative journey.