title: Laszlo Hanyecz Traded 10,00 BTC for 2 Pizzas in 2010

Back in May 2010, Florida-based programmer, Laszlo Hanyecz, made what is now one of the most iconic transactions

In May 2010, Florida-based programmer, Laszlo Hanyecz, made what is now one of the most iconic transactions in cryptocurrency history: he exchanged 10,000 Bitcoin for two Papa John’s pizzas.

At the time, Bitcoin was priced at just $0.004 per coin, bringing the total cost of the order to just $41.

Fast forward to today, and those 10,000 BTC would now be worth more than $1.1 billion, thanks to Bitcoin’s latest rally that pushed it past a record-breaking $111,000 per coin.

Crypto is a wild ride.

Here’s a breakdown of the most expensive #Bitcoin purchases in history: https://t.co/v1hQO3Islj #CryptoRegrets #Bitcoin #CryptoWeird

— BitKE (@BitcoinKE) April 4, 2025

- Battles (@BitCoinke) April 4, 2025

In retrospect, what seemed like a small purchase has gone down in history as the most expensive pizza order ever made.

To put it in context: with Bitcoin at today’s prices, Hanyecz’s spent crypto could now buy more than 53 million pizzas, assuming each costs about $20.

While some view Hanyecz’s move as a costly mistake, it was a pivotal moment that helped establish Bitcoin as a legitimate means of payment.

Industry experts widely regard this transaction as the first real-world use of Bitcoin to buy a tangible product.

#Bitcoin at $100K |

These 2 pizzas are now worth over $1 billion

Here’s why: https://t.co/alp1WxMBq5 pic.twitter.com/87aJWoKvJd

— BitKE (@BitcoinKE) December 5, 2024

- Battle (@bitcoinke) December 5, 2024

It was a turning point that transformed Bitcoin from a theoretical digital asset into a functioning medium of exchange—proving that decentralized, peer-to-peer digital payments were both viable and valuable.

It was a turning point that transformed Bitcoin from a theoretical digital asset into a functioning medium of exchange—proving that decentralized, peer-to-peer digital payments were both viable and valuable.

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Related:output: It was a pivotal moment that helped establish Bitcoin as a legitimate means of payment.

Industry experts widely regard this transaction as the first real-world use of Bitcoin to buy a tangible product. It was a turning point that transformed Bitcoin from a theoretical digital asset into a functioning medium of exchange—proving that decentralized, peer-to-peer digital payments were both viable and valuable.

This transaction, and the pizza that was the subject of the exchange, have since become legendary in the cryptocurrency space, serving as a symbol of both the volatility and potential wealth that Bitcoin offers.

The transaction also sparked a broader conversation about the role of cryptocurrency in society and its ability to connect people and cultures in new and meaningful ways.

In the years since, Hanyecz has continued to be a major contributor to the Bitcoin community, developing several open-source projects and helping to advance the technology that underpins this revolutionary asset class. His story is a testament to the power of innovation, perseverance, and a good slice of pizza.

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