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Happy Bitcoin Pizza Day! The Most Expensive Meal in Human History Turns 16 Today

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May 22, 2026 — Welcome to the tastiest, most regret-inducing, and strangely wholesome holiday in all of cryptocurrency: Bitcoin Pizza Day.

Sixteen years ago today, a brave (or extremely hungry) man named Laszlo Hanyecz did what no one had done before: he used Bitcoin for an actual, real-world purchase. He posted on the Bitcoin forum offering 10,000 BTC for two Papa John’s pizzas. Someone took the deal. History was made. And Laszlo became the patron saint of “I spent my Bitcoin on dumb stuff.”

The Legendary Transaction That Broke the Internet (Years Later)

On May 22, 2010, Bitcoin was trading at basically nothing. Laszlo, a Florida programmer, was tired of waiting for someone to actually use this weird internet money. So he made an offer that will live in infamy:

“I’ll pay 10,000 bitcoins for a couple of pizzas… like maybe two large ones so I have some left over for the next day.”

A guy named Jeremy Sturdivant (jercos) accepted, ordered the pizzas, and delivered the receipt. Laszlo got his pepperoni and cheese. The rest is delicious, cheesy legend.

Those two pizzas cost $41 back then. Today? Those same 10,000 BTC are worth roughly $770 million.

Yes. Million. With an M.

Laszlo’s Current Mood: Surprisingly Chill

Here’s the funniest part: Laszlo has repeatedly said he doesn’t regret it. In interviews, he’s been seen smiling, eating pizza, and living a normal life. The man is a legend. He didn’t just buy pizza — he bought permanent main character status in crypto lore.

Meanwhile, the rest of us stare at our portfolios and whisper, “I sold at $600…”

If Only We Had a Time Machine…

Imagine if you could go back in time with today’s knowledge:

  • You: “Laszlo, bro, keep the pizzas. I’ll Venmo you $50.”
  • Laszlo: “Nah, I’m craving pizza right now.”
  • You: quietly sobbing while watching Bitcoin hit $100k

Or better yet — picture all the people who received free Bitcoin in 2010 and spent it on pizza, energy drinks, or Steam games. Somewhere out there is a guy who bought a gaming chair with 500 BTC.

How the Crypto World Celebrates Today

Every May 22nd, the internet turns into one giant pizza party:

  • Exchanges offer pizza discounts paid in BTC
  • Memecoins pump purely on vibes
  • People post their “Pizza Day portfolios” (mostly just sad screenshots)
  • Someone inevitably says “This is financial advice” while ordering Domino’s

The Real Lesson (Between the Cheese Pulls)

Bitcoin Pizza Day isn’t really about the pizzas. It’s about the journey from “worthless internet tokens” to a global asset class worth trillions.

It’s a reminder that Bitcoin went from being used to buy lunch… to becoming the lunch.

Final Slice of Wisdom

So today, order yourself a pizza. Pay with Bitcoin if you can. Take a moment to laugh at how absurd this all is.

Because 16 years ago, someone paid what is now nearly a billion dollars for two pizzas… and we’re all still celebrating it.

Happy Bitcoin Pizza Day, you beautiful degens.

Now go forth and HODL responsibly (but maybe treat yourself to extra cheese today).

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The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Bitcoin

Spot bitcoin ETFs flip to a ~$487 million outflow

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Tuesday’s US spot bitcoin ETFs took in about $119 million, the fourth inflow in five sessions. Wednesday reversed that. SoSoValue-linked reports put net outflows at $487 million, the largest day since 25 June on one compilation, at $484.9 million. BlackRock’s IBIT led with about $208 million, Fidelity’s FBTC with about $105 million, then ARKB at about $102 million, GBTC at about $39 million, BITB at about $28 million and HODL at about $3.5 million.

The day before had looked like the thin bid was stabilizing. Creations in the week ended 2 October had already fallen to the low hundreds of millions, with IBIT the main buyer and FBTC the fund seeing outflows. Tuesday’s $119 million fit that pattern. Wednesday did not. IBIT, the fund that had been absorbing shares while others leaked, led the redemption. That is a different tape from a rotation inside the complex. It is the complex selling.

The stock is still large: about $107.4 billion in net assets, roughly 6.41% of bitcoin’s market cap, and $57.3 billion of cumulative net inflows. A one-day redemption does not unwind that base. It does remove the marginal buyer on the day the range broke. Bitcoin closed at $83,275.93, down 2.67%, after trading near $86,600 a day earlier and printing a Bloomberg low near $82,759. The post-breakout band of roughly $83,000–$87,000 was tested from underneath on the same session the creations flipped.

Ether funds had already been bleeding. US spot ether ETFs logged about $202 million of outflows on Tuesday, a six-session streak near $408 million, while bitcoin funds were still taking in cash. Wednesday closed that gap from the other side. Ether finished at $2,573.53, down 4.60%. The base asset and the beta asset redeemed together into a Hormuz shock that had Brent above $101 and the 10-year near a 24-year high.

For the range, the flow number is the one that matters more than the oil headline. A reclaim of $85,500 was the resistance that would restore the band. That reclaim needs a buyer. A $487 million outflow is the opposite print, and it landed on the day $84,000 failed. If Thursday’s creations do not flip back, $81,000 is the figure CoinMarketCap’s desk already flagged, and the cumulative $57.3 billion does not trade against it. The stock is the base. The daily creation is the bid. Wednesday took the bid off.

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