Thomas Daniels

Published On: 23/05/2024
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Bitcoin Pizza Day: Users Spend $135,000 on Pies
By Published On: 23/05/2024
Pizza Day,Bitcoin Pizza

Cryptocurrency enthusiasts have spent over $135,000 worth of various cryptocurrencies on pizzas in the past year, as detailed in a recent Bitrefill report.

A thorough analysis of Bitrefill’s internal pizza gift card sales data reveals that users purchased 3,941 pizzas with crypto. Bitcoin (BTC), alongside the Lightning Network, remains the dominant force, accounting for 23.8% of total crypto-related pizza sales.

Ethereum (ETH) follows with a 20.5% share of pizza orders, according to the Bitrefill report. USDT, the largest stablecoin with a market cap of $111 billion, holds a 6.8% share of global crypto-purchased pizzas.

Bitrefill’s data highlights Domino’s Pizza as the top recipient of crypto transactions, with 3,012 orders over the past year. Papa John’s and Pizza Hut are in second and third place with 473 and 173 orders, respectively.

The report also identifies the top five U.S. states for crypto pizza orders:

  1. California – 266 transactions
  2. Texas – 211 transactions
  3. Florida – 161 transactions
  4. New York – 141 transactions
  5. Washington – 136 transactions

Bitrefill’s findings are released as the crypto community celebrates Bitcoin Pizza Day. On May 22, 2010, developer and Bitcoin miner Laszlo Hanyecz made history by purchasing two Papa John’s pizzas for 10,000 BTC, then worth roughly $41. This event marks the first documented real-world Bitcoin transaction, and today, those 10,000 BTC would be valued at over $700 million.

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