Bitcoin (BTC) Pizza Day is here and it just got its most fitting tribute yet: a new all-time high.

Bitcoin surged past $111,800 early Thursday, setting a fresh record. 15 years ago on this day developer Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas, then worth roughly $40.

Today marks a significant day in the annals of Bitcoin (BTC), as it reached a new all-time high, just as an anniversary that has become a primary part of crypto lore also rolls around.

Bitcoin price analysis: BTC/USD 4H, 15Mzoom out shows broader uptrend, 15M shows morning weakness (Source: Trading View)

Bitcoin has surged past $111,800 in early Thursday trade, setting a fresh record. 15 years ago on this day developer Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas, then worth roughly $40.

The May 22, 2010, purchase marked the first known commercial transaction using BTC, a turning point that took the asset from cypherpunk code to actual currency.

That same 10,000 BTC can buy over 70 million pizzas at current prices. It is worth more than $1.1 billion as of Thursday.

Hanyecz has shrugged off the “missed fortune” tag, and told CBS in 2019 that the transaction made bitcoin “real” to him. He mined the coins back when BTC was valued at under a penny, and few could have predicted the behemoth it would become.

At the time of the transaction, two large pizzas from Papa John’s would have cost about $40. At current prices, that same 10,000 BTC can buy over 70 million pizzas.

The transaction is still a subject of amusement and disbelief among members of the crypto community. It also stands as a testament to the incredible volatility and potential for wealth creation in the digital asset markets.