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that he was looking to buy pizza – preferably two large ones – using bitcoin. He offered 10,000 BTC to anyone who would be willing to order, collect and bring them to him. Someone pointed out that he could get $41 for those bitcoins on a certain exchange website, whichIn an interview with CBS in 2019, Hanyecz told Anderson Cooper he thought the transaction “made [bitcoin] real for some people. It certainly did for me”.
By May 21, he still hadn’t managed to find anyone to complete his bitcoin pizza transaction with. Then, finally, the next day someone took him up on the offer. A move that would later go down in history.“I just want to report that I successfully traded 10,000 bitcoins for pizza.” The pizzas were made by Papa John’s, but Hanyecz had bought them secondhand from an 19-year-old named Jeremy Sturdivant .
Needless to say, those same bitcoins appreciated in value fairly steeply over the following decade. In fact, if Hanyecz had hypothetically sold his entire stash at, he could have made around $690 million – enough to buy 46 million large Papa John’s pizzas at $15 a piece. In light of this historic event, the global crypto community comes together every year on May 22 to celebrate the first physical bitcoin transaction and to remind Hanyecz how he could’ve been one-tenth as wealthy as Melinda Gates.This article was originally published on
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