What is Bitcoin Pizza Day?

Bitcoin Pizza Day marks the first widely recognised real-world Bitcoin transaction, when programmer Laszlo Hanyecz spent 10,000 BTC on two pizzas on May 22, 2010. The event is celebrated annually as a milestone in Bitcoin’s evolution from an experimental currency into a global financial asset.

How much is the famous 10,000 BTC pizza purchase worth now?

The original 10,000 BTC used to buy the pizzas is currently worth roughly $777.87 million based on Bitcoin trading near $77,787. That value is down sharply from more than $1.1 billion during Bitcoin Pizza Day 2025.

Why did the Bitcoin Pizza Day stack lose $328 million in value?

Bitcoin’s price declined nearly 30% year-over-year after falling significantly from its October 2025 all-time high of $126,000. The broader crypto market weakened following macroeconomic pressure, tariff announcements and ETF outflows.

Is this the worst Bitcoin Pizza Day performance ever?

No, but it is the steepest Pizza Day decline since 2015. Back then, Bitcoin experienced a much deeper bear market correction with the value of the 10,000 BTC stack falling roughly 54%.

Why is Laszlo Hanyecz’s pizza purchase so important to crypto history?

The transaction proved Bitcoin could function as a medium of exchange for real goods and services. Many crypto investors view the purchase as a symbolic moment that helped legitimise Bitcoin’s practical use case.

How far is Bitcoin below its all-time high now?

Bitcoin is trading roughly 38% below its October 2025 peak of $126,000. Despite some recovery in the second quarter of 2026, the cryptocurrency remains under pressure year-to-date.

How did Bitcoin perform in early 2026?

Bitcoin recorded its weakest opening quarter since 2018 after declining 22.2% during Q1 2026. Investor sentiment weakened amid ETF outflows and rising geopolitical tensions.

Image for illustrative purposes only. Not a real photo.

Bitcoin Pizza Day stack loses $328M in value

Q: What caused Bitcoin to fall from its October 2025 record high?

Bitcoin’s rally reversed after broader macroeconomic uncertainty increased and President Donald Trump announced 100% tariffs on Chinese imports. The crypto market subsequently lost nearly $200 billion in value over a short period.

Written by Brie CarterPublished May. 22 2026

Bitcoin Pizza Day arrived this year with the famous 10,000 BTC pizza purchase worth roughly $777.87 million, down sharply from more than $1.1 billion a year earlier.

The year-over-year decline of approximately $328 million marked the steepest Bitcoin Pizza Day valuation drop since 2015, when Bitcoin suffered a major bear market correction.

The annual event commemorates programmer Laszlo Hanyecz using 10,000 Bitcoin to buy two Papa John’s pizzas on May 22, 2010, in what became the first widely recognised real-world Bitcoin transaction.

Bitcoin traded near $110,568 during Pizza Day celebrations in 2025 before later reaching a record high of $126,000 in October amid strong institutional inflows and subdued retail participation.

The rally reversed shortly after President Donald Trump announced 100% tariffs on Chinese imports in October, contributing to broader crypto market losses and sending Bitcoin sharply lower from its peak.

Bitcoin remained under pressure into 2026, with the cryptocurrency recording its weakest opening quarter since 2018 after falling 22.2% during the first quarter amid broader macroeconomic uncertainty and ETF outflows.

Although Bitcoin recovered roughly 14% during the second quarter, the asset remained down nearly 30% compared with last year’s Pizza Day valuation and approximately 38% below its October record high.

Despite the decline, Bitcoin Pizza Day remains one of the crypto industry’s most symbolic anniversaries, marking the transition of Bitcoin from an experimental digital currency into a globally traded financial asset.

At the time of reporting, Bitcoin price was $77,372.91.