Somebody once bought two pizzas with 10,000 bitcoin, we all know this, but what actually happened to the money?

By LeftFooted | bitcoinea | 7 Dec 2021


Most bitcoin enthusiasts, hodlers and holders are familiar with the story of Laszlo Hanyecz, the man who bought two large pizzas from Papa John’s on May 22, 2010 with 10,000 bitcoin - worth around $41 at the time (damn, Papa John’s pizzas have always been expensive, haven’t they).


Hanyecz has never even tried to remain anonymous, and by his own admission, he said he had a lot more than ‘just’ 10,000 btc, which probably explains why he doesn’t mind being known as the man who spent millions of dollars on two pizzas. He probably still owns a lot of btc.


BUT, a question that’s seldom asked, what actually happened to money?


Jeremy Sturdivant, the (then) 19-year-old student who got ahold of the 10,000 bitcoin from the transaction, said he’d spend most of it on ‘travel with [his] girlfriend’.


In an interview with The Telegraph in 2018, Sturdivant said he’d “never have thought that the same number of bitcoin would have a purchasing power on the order of real estate.”


Hanyecz said he wanted to “do the pizza thing because, to me, it was free pizza. I got pizza for contributing to an open-source project.” He also said he had the chance to speak with Nakamoto himself/herself/themselves “once or twice”.


What are your thoughts? And more to the point, is there anything more you know about this famous transaction? Share in the comments. 

How do you rate this article?

22


LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


bitcoinea
bitcoinea

Let’s talk crypto 💎💠

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.