Reflecting on Bitcoin Pizza Day: The Value of BTC Today
Bitcoin 'Pizza Day' was 16 years ago, here's how much that BTC is worth today

Image: Cointelegraph
Bitcoin Pizza Day, celebrated annually on May 22, marks the first real-world transaction using Bitcoin, where Laszlo Hanyecz famously purchased two pizzas for 10,000 BTC in 2010. As of now, that amount of Bitcoin is valued at approximately $267 million USD, highlighting the cryptocurrency's dramatic rise in value and its evolving role in global finance.
- 01Laszlo Hanyecz's 2010 purchase of two pizzas for 10,000 BTC is a landmark event in cryptocurrency history.
- 02As of now, 10,000 BTC is worth roughly $267 million USD, showcasing Bitcoin's significant price appreciation.
- 03In 2024, there has been a notable increase in nation-state adoption of Bitcoin, with discussions around strategic reserves and tax exemptions.
- 04The Iranian government announced in April 2026 that oil shipping tolls in the Strait of Hormuz could be paid in Bitcoin, though no transactions have been confirmed.
- 05Tether's USDt stablecoin remains the preferred payment method for tolls in the region, according to the Bitcoin Policy Institute.
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Bitcoin Pizza Day, celebrated on May 22, commemorates the first real-world transaction using Bitcoin when Laszlo Hanyecz bought two pizzas for 10,000 BTC in 2010. This transaction marked a pivotal moment for Bitcoin, demonstrating its potential as a medium of exchange. Fast forward to today, that same amount of Bitcoin is now valued at approximately $267 million USD, illustrating the cryptocurrency's exponential growth. In recent years, particularly in 2024, there has been a surge in nation-state adoption of Bitcoin. Lawmakers have been discussing strategic Bitcoin reserves and tax exemptions for Bitcoin transactions. Notably, in April 2026, the Iranian government announced that oil ships passing through the Strait of Hormuz could pay shipping tolls using Bitcoin, alongside US dollar stablecoins and Chinese yuan. However, as of the current date, there is no on-chain evidence of such transactions occurring in Bitcoin, with Tether’s USDt remaining the dominant payment method for these tolls, according to Sam Lyman from the Bitcoin Policy Institute. This evolving narrative around Bitcoin highlights its growing significance in global finance.
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