Where Are the Bitcoin Pizza Coins Now? – Cointelegraph

Where Are the Bitcoin Pizza Coins Now? – Cointelegraph

Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John’s pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag.One might logically wonder what happened to the 10,000 Bitcoin (BTC) used for the purchase of two pizzas. “Over the years the funds…

Laszlo Hanyecz completed the first documented industrial Bitcoin take dangle of, paying 10,000 for two Papa John’s pizzas. Valued at $41 on the time, most up-to-date market pricing on the present time offers the acquisition a $92.5 million value.

One would possibly per chance well well logically surprise what took space to the 10,000 Bitcoin (BTC) aged for the acquisition of two pizzas. 

“Over time the funds own moved across many addresses,” Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, instructed Cointelegraph in an email. Some BTC went to a now-defunct change, while some BTC dwell in a highly-valued pockets.     

Many Bitcoin went to BTC-e

“One of the necessary funds own been apparently liquidated on BTC-e,” Blaisdell acknowledged. Launched in 2011, the BTC-e crypto change fell in 2017 when authorities apprehended change brass on money laundering claims.

A bit of the BTC peaceable sits in a highly valued pockets

In tracing the pizza Bitcoin, Coinfirm learned 5.79% of the fresh 10,000 BTC learned its methodology to 1 in every of essentially the most sizeable Bitcoin wallets on the 2d in existence. Totalling over $5 million, about 579 of the pizza BTC peaceable take the 12th largest pockets within the Bitcoin dwelling.   

Whoever owns that handle also accumulated Bitcoin from elsewhere, because the pockets now totals terminate to $500 million in Bitcoin, Blaisdell defined. “It’s doubtlessly someone known and intriguing early on within the bitcoin dwelling,” he concluded, adding:

“We don’t know who controls the handle as it doesnt seem like tied to or owned by a industrial entity similar to an change or pockets. The truth that the particular person is unknown is roughly frosty in a mysterious Satoshi roughly methodology.”

May furthermore fair 22, 2020 used to be an eventful affair as pizza day yielded a range of crypto headlines, at the side of BitFlyer sending pizzas to oldsters in want, as well to Andreas Antonopoulos stirring up other early Bitcoin shopping events. 

In-text photography courtesy of Coinfirm.

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