finance
Bitcoin Pizza Day Marks 16 Years Since First Crypto Purchase
Sixteen years ago, a programmer spent 10,000 Bitcoin on two Papa John's pizzas. The transaction, valued at roughly $30 at the time, is now worth more than $773 million.
May 22, 7:55 AM·1m read2 sources
WABI
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Sixteen years ago today, a programmer completed the first known purchase of a physical good using Bitcoin. The buyer paid 10,000 Bitcoin for two Papa John's pizzas. At the time, the cryptocurrency was worth approximately $30.
The exchange occurred on May 22, 2010.
It remains the earliest documented use of Bitcoin to buy real-world items. Today, the same 10,000 Bitcoin would be valued at more than $773 million, according to recent market prices.
Multiple reports place the current worth of the original 10,000 Bitcoin between $773 million and $775 million. The wide range reflects minor differences in pricing sources and timing of the calculations. The milestone continues to be referenced in discussions of Bitcoin's price history and adoption timeline.
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WABI
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CorroborationLimited · 2 sources
