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Where Are the Bitcoin Pizza Coins Now?

23 May Where Are the Bitcoin Pizza Coins Now?

Posted at 12:52h in Bitcoin News by

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. 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 have moved across many addresses,” Grant Blaisdell, co-founder and CMO of blockchain analytics company Coinfirm, told Cointelegraph in an email. 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. Launched in 2011, the BTC-e crypto exchange fell in 2017 when authorities apprehended exchange brass on money laundering claims.

A chunk of the BTC still sits in a highly valued wallet

In tracing…

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