Today marks the 10th anniversary of Bitcoin's first official commercial purchase.
On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John's pizzas.
One might logically wonder what happened to the 10,000 Bitcoin used for the purchase of two pizzas.
Some BTC went to a now-defunct exchange, while some BTC remain in a highly-valued wallet.
Many Bitcoin went to BTC-e. "Some of the funds were seemingly liquidated on BTC-e," Blaisdell said.
A chunk of the BTC still sits in a highly valued wallet.
In tracing the pizza Bitcoin, Coinfirm found 5.79% of the original 10,000 BTC found its way to one of the most sizeable Bitcoin wallets currently in existence.
Totalling over $5 million, about 579 of the pizza BTC still occupy the 12th largest wallet in the Bitcoin space.
Whoever owns that address also accumulated Bitcoin from elsewhere, as the wallet now totals close to $500 million in Bitcoin, Blaisdell explained.
"We don't know who controls the address as it doesnt seem to be tied to or owned by a commercial entity such as an exchange or wallet. The fact that the person is unknown is kind of cool in a mysterious Satoshi kind of way."
Where Are the Bitcoin Pizza Coins Now?
gepubliceerd op May 22, 2020
by Cointele | gepubliceerd op Coinage
Vermeld in dit artikel
Industry investor identifies 10 clear reasons why Ethereum is on bull market footing
While ETH has been stagnating, the underlying Ethereum network is showing a confluence of signs that a bull market is near, according to Spencer Noon, the head of crypto-native investment fund DTC Capital.
Crypto Custodian BitGo Joins Race to Provide Prime Brokerage Services
Crypto custodian BitGo is moving into the prime brokerage space, announcing a fully integrated suite of services Wednesday to serve institutional traders.
First Mover: EOS Has Still to Prove Itself After Spiraling Down This Past Year
Over the past year, the EOS token's price is down 69%, the worst performance among digital assets with a market capitalization of at least $1 billion, based on Messari data.
'Focus on Retirement': Crypto Custodian Rolls Out Hybrid IRA Offering
Digital asset custodian Kingdom Trust is offering investors a single retirement account for traditional and digital assets.