Bitcoin Pizza Day marks 16 years since 10,000 BTC pizza purchase
May 22 marks 16 years since Laszlo Hanyecz paid 10,000 BTC for two pizzas, a transaction now worth billions of dollars at current Bitcoin prices.
May 22, 2026, marks the 16-year anniversary of Bitcoin "Pizza Day," commemorating the first recorded Bitcoin commercial transaction. On this day in 2010, Laszlo Hanyecz posted on a Bitcoin forum offering 10,000 BTC for two pizzas delivered to his home. The transaction was executed, making it the first known use of Bitcoin to purchase a physical good.
At the time, 10,000 BTC was worth roughly $41. Today, with Bitcoin trading above $100,000, that same amount would be valued at over $1 billion. This staggering appreciation highlights Bitcoin's dramatic price growth over the past decade and a half, driven by factors such as limited supply (capped at 21 million coins), growing institutional adoption, and the 2024 halving event, which reduced the block reward from 6.25 BTC to 3.125 BTC, tightening miner break-even economics and historically preceding bull runs. Additionally, sustained ETF inflows have absorbed available supply, while exchange reserve drawdowns signal long-term holding behavior. On-chain data shows whale concentration remains elevated, and Bitcoin dominance has climbed above 55%, reflecting capital rotation out of altcoins. Macro tailwinds from a weaker DXY and falling US Treasury yields have further supported risk assets. For crypto traders, Pizza Day serves as a powerful reminder of Bitcoin's long-term potential and the importance of holding through volatility. Check NowPrice's crypto page for the latest Bitcoin price and market data.
Looking ahead, the crypto community continues to celebrate Pizza Day as a milestone in Bitcoin's history. While no specific events are scheduled for this year, the anniversary often sparks discussions about Bitcoin's adoption and future price trajectory. Traders may watch for any price movements around this symbolic date, though market reactions are typically muted. Key levels to monitor include Bitcoin's ability to hold above $100,000 support, with resistance near all-time highs. The interplay between halving cycle dynamics, ETF flow momentum, and macro conditions will likely dictate near-term direction.