Get ready to celebrate Bitcoin Pizza Day in style. Tangem launched yet another limited-edition wallet to mark the first and most outrageous transaction settled in Bitcoin.
This special edition wallet features a custom design inspired by the famous pizza deal that went down in 2010.
It's a great collector's item commemorating a milestone in crypto history—what's not to love about it?
On May 22, 2010, Laszlo Hanyecz, a man from Florida, paid 10,000 bitcoins for two pizzas from Papa John’s. This event is now known as “Bitcoin Pizza Day.” Hanyecz asked for help on the Bitcoin Talk forum, saying he would pay 10,000 bitcoins for a couple of pizzas, maybe two large ones. He wanted to have some leftovers for the next day.
“I like having leftover pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat, and you’re happy!”
Jeremy "jercos" Sturdivant — a fellow forum user — took up Hanyecz’s offer and bought him two pizzas from Papa John's in exchange for 10,000 bitcoins. The person who received the bitcoins got a good deal by paying only $25 for the pizzas. At that time, 10,000 bitcoins were worth about $41.1.
Nine months after the purchase, Bitcoin reached parity with the U.S. dollar, making the two pizzas worth $10,000. Today, the same bitcoins are worth approximately $642,762,000.
Hanyecz isn't worried about Bitcoin's current high value. According to him, the cryptocurrency had no significant worth then, so he found it amazing to trade it for a pizza. In a 2019 interview with CBS, Hanyecz shared that he believed it made Bitcoin "real for some people."
Importance of Bitcoin Pizza Day
Imagine paying $40 in 1997 for a used video game using 5,000 shares of Amazon stock, just to prove that stock could be used to buy something.
Fast forward to today, and those shares would be worth over $1 billion.
That’s what happened on the first Bitcoin Pizza Day. It proved Bitcoin could be used like real money, but at what cost?
The value of those 10,000 BTC today makes it one of the most expensive meals in history.
The global crypto community comes together annually on May 22 to commemorate Bitcoin Pizza Day.
What is Bitcoin's All-Time High Price?
Bitcoin reached an all-time high of over $109,114 on January 20, 2025, following the bull run leading to President Trump's inauguration.
Bitcoin's common use cases since Pizza Day
Bitcoin is mainly used for digital transactions, such as e-commerce purchases, peer-to-peer transfers, or cross-border payments. It is also used for international transactions, and people who don't have access to traditional financial institutions are increasingly using it for banking.
Conclusion
The value of Bitcoin has increased significantly since its first Bitcoin Pizza Day, which proves the impressive growth of the cryptocurrency since the era when it was only worth a few pizzas. The rise in value is proof of its increasing adoption as a real-world asset.
To ensure the security of your Bitcoins, you must have a reliable and secure crypto wallet like Tangem Wallet. Tangem provides additional protection for your Bitcoins, safeguarding them from potential hacking attempts and unauthorized access with offline private key storage and access codes.
With Tangem Wallet, you can have peace of mind knowing that your Bitcoin is secure, allowing you to make informed investment decisions confidently.
