11 Years Ago, 2 Pizzas Were Bought With BTC, Now Worth $365M

11 years ago, 2 pizzas were purchased with Bitcoin and now the coins used to buy it would have been worth $365 million as we can see more in our latest bitcoin news today.

A few companies will celebrate the upcoming BTC pizza day which marks the historical event when the first BTC in the commercial transaction was made. 11 years ago, started the celebration of the now known Bitcoin Pizza Day and this is a day when a lot of people in the crypto community celebrated the 11 anniversary of the first BTC commercial transaction for two pizzas that cost 10,000 BTC. Back in 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida and they later became the two most expensive pizza slices in the world with a current price of $365,000,000.00 at press time.

They were worth over $600 million when BTC surpassed the 60K barrier back in April. Papa John’s will commemorate the famous transaction by offering 10,000 slices of pizza to the first 50 customers in Jacksonville and all customers will have a chance to win a huge BTC-inspired pizza. Papa John’s isn’t the only one celebrating because Slice, the platform that connects pizzerias in the US, and an NFT project Rare Pizza are both giving 2,500 pizzas over 1 BTC’s worth of pies that are made by local pizzerias across the country.

Pizza Hut also started accepting BTC and allows Venezuelans to pay for BTC and other cryptocurrencies while the country is one of the biggest BTC users in the world because of fiat hyperinflation as a result of bad local policies and US Sanctions. Speaking of BTC adoption, many major companies across the world already like SkyBridge Capital and Microstrategy which are companies that added BTC to their balance sheets but smaller companies like pizzerias all joined in as well and put capital into the cryptocurrency.

Sam & Greg’s Pizzeria and Gelateria is one of the few businesses that invested in crypto about a year ago and the co-founder Greg Hathorn said that crypto and blockchain are the smartest use of the internet to this date which is why his company allocated $200,000 from balance sheets into BTC during the COVID-19 pandemic that caused major nosedives for the markets.