Bitcoin Pizza Day is celebrated on May 22nd each year to commemorate the first known commercial transaction using Bitcoin. On May 22, 2010, Laszlo Hanyecz, a Floridian programmer and early Bitcoin miner, announced on the Bitcointalk.org forum that he was looking to buy two large pizzas with Bitcoin. He offered 10,000 BTC for the pizzas, which were eventually bought for him by a 19-year-old named Jeremy Sturdivant (username "jercos"). The pizzas were from Papa John's, and this transaction marked the first time Bitcoin was used to purchase physical goods. The day highlights the early days of Bitcoin's use as a medium of exchange and has become a significant milestone in Bitcoin’s history. This transaction is particularly notable because, at Bitcoin’s all-time high of $68,990, those 10,000 BTC would have been worth approximately $690 million, enough to buy 46 million large Papa John’s pizzas at $15 each.
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