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Every year on May 22nd, the Bitcoin community celebrates a nostalgic wave. This day is known as Bitcoin Pizza Day, and it carries a legendary story behind it.
The story dates back to May 2010, when Bitcoin was still very new, and no one really knew what it could do. A Florida-based programmer named Laszlo Hanyecz posted on a forum that he wanted to buy two large pizzas with 10,000 bitcoins, with extra sausage, onions, and green peppers—no pineapple. The request seemed crazy at the time because no one took virtual currency seriously.
But four days later, a 19-year-old from California named Jeremy Sturdivant decided to accept the order. He used his credit card to order the pizzas for Laszlo and received the 10,000 bitcoins in return. At that time, the transaction was worth about $30, and both parties thought it was a pretty good deal. Laszlo excitedly shared a photo of the pizzas on the forum, claiming this was Bitcoin’s first real-world economic transaction.
No one expected that this lunch would later become one of the most famous memes in the crypto world. As Bitcoin’s price skyrocketed, the value of those 10,000 bitcoins also soared. When Bitcoin broke $1,000 in 2013, the pizzas were worth over $10 million. In 2021, when Bitcoin hit $60k, the pizzas were valued at $60k. Today, Bitcoin has surpassed $70k, and the value of that Bitcoin Pizza has skyrocketed to over $700 million. This might be the most expensive pizza in human history.
But the most interesting part is that Laszlo himself has never regretted it. In an interview, he admitted that back then, he saw Bitcoin as a virtual currency in a video game—being able to buy things with it was already pretty cool. He also revealed that after this transaction, he continued to buy pizzas with Bitcoin, spending a total of about 100k bitcoins. At current prices, that’s over $600M. But his attitude has always been very laid-back: “Those coins are just free currency I mined with my graphics card. Trading them for pizza? Totally worth it.”
Another story worth mentioning is Jeremy’s. After receiving the 10,000 bitcoins, he quickly spent them on travel and living expenses. He said he ended up making about $400, a tenfold profit, which he considers a pretty good deal. Now, his wallet only contains Bitcoin worth $119, but he doesn’t regret it, because being an early participant in Bitcoin and witnessing this history is meaningful in itself.
These two stories actually tell us one thing: life is full of choices. Sometimes, you might inadvertently participate in an event that changes history. Laszlo and Jeremy missed out on enormous wealth, but they both maintain a positive attitude and enjoy their lives. This mindset is quite rare in the crypto world.
Whenever we celebrate Bitcoin Pizza Day, it’s not just about reminiscing the “most expensive pizza in history,” but also about commemorating the original faith and experimentation in the history of cryptocurrency. It’s a spirit of exploration into the unknown future, and one of the most valuable aspects of the entire crypto culture.