Bitcoin pizza day, users spend $135k on pies
Cryptocurrency users have spent over $135,000 worth of different cryptocurrencies on pizzas over the past 12 months, according to a Bitrefill report.
The comprehensive analysis of internal pizza gift card sales data shows that users purchased 3,941 pizzas with crypto. Bitcoin (BTC) combined with the Lightning Network are still dominating the scene with a 23.8% share of the total crypto-related pizza sales.
Ethereum (ETH) comes in second with a 20.5% stake in the pizza orders, per the Bitrefill report. USDT, the largest stablecoin with a $111 billion market cap, has a 6.8% share of the total crypto-purchased pizzas worldwide.
According to Bitrefill, Domino’s Pizza restaurant chain is leading the list with 3,012 pizza orders with cryptocurrencies over the past year. Papa John’s and Pizza Hut come second and third with 473 and 173 such purchases, respectively.
Here are the top five U.S. states for crypto pizza orders, per Bitrefill analysis:
- California with 266 transactions.
- Texas with 211 transactions.
- Florida with 161 transactions.
- New York with 141 transactions.
- Washington with 136 transactions.
Bitrefill’s report comes as the crypto community celebrates the popular Bitcoin Pizza Day. On May 22, 2010, a developer and Bitcoin miner, Laszlo Hanyecz, purchased two Papa John’s pizzas for 10,000 BTC, worth roughly $41 at that time.
This marked the first documented real-world Bitcoin transaction and the Bitcoin community has been celebrating May 22 as the Bitcoin Pizza Day.
Hanyecz’s Bitcoins would now have been worth over $700 million today.
