BITCOIN | Laszlo Hanyecz’s $41 Bitcoin Pizza Purchase in May 2010 Now Worth $1.1 Billion in May 2025

Back 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.

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.

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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