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yesterday

Bitcoin Hits $111,000 on 15th Anniversary of First Real-World Transaction

Bitcoin Pizza Day celebrates Laszlo Hanyecz’s 2010 purchase of two pizzas for 10,000 BTC, now valued at over $1.1 billion.

FILE - A neon sign that alerts customers that the business accepts bitcoin as payment, hangs in the window of Healthy Harvest Indoor Gardening in Hillsboro, Ore., on Feb. 7, 2018. (AP Photo/Gillian Flaccus, File)
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Overview

  • May 22, 2025, marks the 15th anniversary of the first documented Bitcoin transaction, where 10,000 BTC were exchanged for two Papa John’s pizzas.
  • Bitcoin reached a new all-time high of $111,770 per BTC on this anniversary, valuing the original 10,000 BTC transaction at over $1.1 billion.
  • Laszlo Hanyecz, the programmer behind the transaction, also pioneered GPU mining, significantly increasing Bitcoin’s network capacity in 2010.
  • The annual Bitcoin Pizza Day is celebrated globally with events, memes, and promotions, including Bitget’s giveaway of pizzas to more than 2,000 participants.
  • Bitcoin has evolved from a niche experiment to a mainstream financial asset, now underpinning ETFs, corporate treasuries, and proposed government reserves.