Bitget's Pizza Palooza: A Tasty Celebration of BTC Pizza Day

BY
Sean Millare
/
May 20, 2024

Bitget successfully celebrated BTC Pizza Day on May 19 at Pizzulu Rockwell, Estrella Makati. The event commemorated the historic transaction where 10,000 Bitcoins were exchanged for two pizzas, honoring the early days of cryptocurrency adoption and featured a day filled with excitement and exclusive giveaways for attendees. Participants enjoyed slices of pizza and had the opportunity to connect with like-minded individuals in the cryptocurrency community.

The gathering featured well-known web3 media personalities and influencers, including Modern Mulan, Kaye Labay, and Professor Toff. Their attendance enhanced the event's impact and facilitated dynamic discussions on the evolving web3 scene.

Bitcoin (BTC) had minimal value in May 2010, and coins were considered almost worthless. Programmer Laszlo Hanyecz made history on May 18, 2010, by proposing a trade of 10,000 BTC for pizzas, marking the inaugural commercial transaction using bitcoin. Although Hanyecz initially made the offer on May 18, it took until May 22 for someone to accept it.

At today's Bitcoin exchange rates, the funds Hanyecz used to buy two pizzas would be valued at $670 million. In a post made 21 days after the transaction, the programmer expressed an open offer to trade 10,000 BTC for 2 pizzas at any time, as long as he had the funds available. The pizzas were purchased from the Papa John's pizza chain, and the company acknowledged the transaction in 2021 on X.

Sean Millare

Sean, a skilled writer, gamer, trader, and investor, with a passion for all things web3. With a practical touch, he sheds light on the evolving crypto scene, helping readers grasp blockchain intricacies and make savvy decisions in decentralized finance.

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