On May 22, the crypto community celebrates Bitcoin Pizza Day, marking the day when cryptocurrency was first used as a medium of exchange in the real world.
? HISTORY: 15 years ago today, Laszlo Hanyecz made the first Bitcoin transaction to buy two Papa John’s pizzas for 10,000 $BTC worth $40 at that time.
That would have been worth over $1.1B today. Happy #Bitcoin Pizza Day! ? pic.twitter.com/xsXnJCUv2O
— Cointelegraph (@Cointelegraph) May 22, 2025
In 2010, programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas from Papa John’s, initiating the history of Bitcoin as a payment method.
At that time, the first cryptocurrency was valued at ~$40. As of writing, the purchase is equivalent to $1.1 billion.
The purchase demonstrated that cryptocurrency could serve as a full-fledged medium of exchange, rather than merely an experimental asset.
Today, Bitcoin Pizza Day is seen as a significant milestone for the entire industry. Cryptocurrency enthusiasts exchange memes, hold meetups, share stories on social media, and conduct educational webinars.
Some communities also organize charitable events and support open-source projects.
On May 22, Bitcoin prices reached a peak of $111,880 in the BTC/USDT pair on the Binance exchange.
In April, a user with the nickname Apsk32 claimed that the first cryptocurrency would rise to $220,000 or higher by the end of the year if its correlation with gold persists.