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$1.1 Billion for Two Pizzas? Historic Bitcoin Purchase Turns 15

Thu, 22/05/2025 - 5:13
Laszlo Hanyecz thought that idea of buying pizza with Bitcoin was "incredibly cool"
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$1.1 Billion for Two Pizzas? Historic Bitcoin Purchase Turns 15
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Programmer Laszlo Hanyecz famously shelled out an eye-popping 10,000 BTC in order to purchase two pizzas from Papa John’s back in 2010. 

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The offer was posted on the Bitcointalk.org forum, which was the main hub for the early adopters of the leading cryptocurrency. 

This is widely known as the very first purchase conducted with the help of Bitcoin.  

Back in the day, the original cryptocurrency had virtually no economic value, and 10,000 BTC were valued at roughly just $41.  

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Today, these two pizzas would be worth a stunning $1.1 billion.  

The payment was accepted by 19-year-old California student Jeremy Sturdivant, who ended up spending these coins traveling across the U.S. with his girlfriend. 

Sturdivant told the New York Post that he actually had no idea how huge Bitcoin would become, adding that he was proud of contributing to turning it into a global phenomenon.

Notably, Hanyecz also had the same deals with several other people, spending a total of 100,000 BTC on pizza in 2010.

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