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By Shaurya Malwa|Edited by Parikshit Mishra
Updated May 22, 2025, 7:39 a.m. Published May 22, 2025, 7:16 a.m.
- Bitcoin reached a new all-time high of $111,800 on the 15th anniversary of Bitcoin Pizza Day.
- In 2010, Laszlo Hanyecz made the first recorded commercial transaction with bitcoin, buying two pizzas for 10,000 BTC.
- The 10,000 BTC used for the pizza purchase is now worth over $1.1 billion, highlighting the cryptocurrency’s dramatic rise in value.
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.
STORY CONTINUES BELOW
The May 22, 2010, purchase marked the first recorded 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 over $1.1 billion as of Thursday.
Hanyecz has long shrugged off the missed fortune” tag, telling CBS in 2019 that the transaction made bitcoin “real” to him. He mined the coins back when BTC was under a penny, and few could have predicted the multi-trillion-dollar asset it would become.
Still, the transaction remains a cultural milestone for the crypto market — a moment that showed internet money could work as actual currency. Now, it’s not just pizza being paid for with bitcoin. It’s property, cars, and in some countries, even taxes (briefly).
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
