#GateSquarePizzaDay

Celebrating 16 Years of Bitcoin Pizza Day, the Cryptocurrency Industry’s First Commercial Transaction

This year’s Bitcoin Pizza Day celebration on May 22 officially marks the 16th anniversary of the first real-world commercial transaction using Bitcoin. This historic event, which took place back in 2010, began when an early user and programmer named Laszlo Hanyecz bought two Papa John’s pizza pies by exchanging 10,000 Bitcoin (BTC).
The story behind this transaction began with Hanyecz’s post on the Bitcointalk forum on May 18, 2010, in which he offered 10,000 BTC to anyone willing to order and have pizza delivered to his home in Florida. Four days later, on May 22, a forum member accepted the offer and carried out the pizza order for Hanyecz so that the 10,000 BTC reward could be sent.
At the time, 1 BTC was only worth $0.004, meaning Hanyecz’s initial 10,000 BTC stake was equivalent to just $41. Now, with Bitcoin trading in the $77,500 range, the total value of that asset has surged to $775 million—an increase of up to 18.9 million times. Although the price has since fallen by about 38.4% from the ATH of $126,000 in 2025, Bitcoin has already proven its position as the best and most solid asset class since it was first launched.