How Jeremy Sturdivant spent the 10,000 Bitcoin pizza fortune
Jeremy Sturdivant, the 19 year old who received 10,000 Bitcoin for two pizzas in May 2010, spent almost all of it long before BTC crossed even $1, let alone todays five figure levels.In 2010, 10,000 BTC was worth about $40 to $41 and bought two Papa Johns pizzas for Laszlo Hanyecz in Jacksonville.Sturdivant later said he spent the coins on travel and goods as Bitcoins price climbed from fractions of a cent to under $1.At Bitcoins November 2021 peak near $69,000, that same 10,000 BTC would have been worth around $690 million. Jeremy Sturdivant, known as “jercos” on the Bitcointalk forum, was the counterparty to Laszlo Hanyeczs now legendary 10,000 BTC pizza purchase on May 22, 2010. How did Jeremy Sturdivant end up with 10,000 BTC for pizza? The deal that turned into Bitcoin Pizza Day began on the Bitcointalk forum on May 18, 2010, when Florida programmer Laszlo Hanyecz offered 10,000 BTC to anyone willing to get him “a couple of pizzas” delivered to his home. Four days later Hanyecz posted, “I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!” confirming that forum user Jeremy “jercos” Sturdivant had stepped in, paid for two large Papa Johns pizzas