Some of Pizza Bitcoins are Now in the 12th Richest Wallet

Some of Pizza Bitcoins are Now in the 12th Richest Wallet

By Abhimanyu Krishnan | News | 25 May 2020


The first commercial transaction for Bitcoin (BTC) - two orders of Pizza worth 10,000 BTC by Laszlo Hanyecz - has resulted in an associated wallet being the 12th most valuable Bitcoin wallet in the world. 

Coinfirm, the blockchain analytics firm, traced the funds from that transaction and discovered some interesting outcomes. Some of the funds had been transferred to a now out-of-service exchange, BTC-e. However, 5.97% of the transferred funds - which is roughly 600 BTC or $5 million - still exist in a single wallet.

It is the 12th largest single Bitcoin wallet on the network at over $500 million in worth - the owner of the wallet had bought Bitcoins from elsewhere and stored it in the wallet. The wallet contains over 53880 BTC in total.

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A map of transactions associated with the wallet. Source

The cryptocurrency community recently celebrated Bitcoin Pizza day on May 22, the 10 year anniversary of when Hanyecz bought the pizza. The market has come a long way since those days, with cryptocurrencies now capable of funding travel and the purchasing of real estate.


Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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