Back in 2010, someone swapped 10,000 BTC for two pizzas worth US$ 41.00, at that time Bitcoin was priced at US$ 0.0041 per unit.
On that famous day, May 22, 2010 — now globally celebrated as Bitcoin Pizza Day — Bitcoin was just starting out and didn't have a solid market price on major exchanges.
The transaction was a direct deal on a forum (Bitcointalk) between programmer Laszlo Hanyecz and another user, Jeremy Sturdivant. Jeremy bought two large pizzas from Papa John's using his credit card (which cost around $41) and received the 10,000 bitcoins in return.
So, each Bitcoin was worth approximately 0.0041 cents (less than half a cent per unit).
For historical record, the first "official" price that began to be tracked commercially on trading platforms shortly after this period (in July 2010) was around US$ 0.08 per unit.
On that famous day, May 22, 2010 — now globally celebrated as Bitcoin Pizza Day — Bitcoin was just starting out and didn't have a solid market price on major exchanges.
The transaction was a direct deal on a forum (Bitcointalk) between programmer Laszlo Hanyecz and another user, Jeremy Sturdivant. Jeremy bought two large pizzas from Papa John's using his credit card (which cost around $41) and received the 10,000 bitcoins in return.
So, each Bitcoin was worth approximately 0.0041 cents (less than half a cent per unit).
For historical record, the first "official" price that began to be tracked commercially on trading platforms shortly after this period (in July 2010) was around US$ 0.08 per unit.