Today marks the 13th anniversary for the first Bitcoin transaction ever made in exchange of U.S. Dollars.
On October 12, 2009, exactly 5050 BTC were traded for just $5.02. Just $5.02 was spent on 5050 BTC.
Martti Malmi (a Finnish developer who helped Satoshi Nakamoto develop Bitcoin) conducted the transaction. Bitcoin had no market price before the trade.
The transfer is one of the oldest and most trusted transactions. It has been verified by Bitcoin’s blockchain more than 733,000 times, making it almost impossible to reverse. The transaction is currently worth $96,376,371.50 at today’s prices. The transaction is worth $96,376,371.50 if you use Bitcoin’s peak price of November ($69,000). Bitcoin was first used as a payment method in May 2010. A Florida man gave up 10,000 Bitcoin to get two pizzas for $25.
CryptoPotato’s first post was 13 years ago: 5000 BTC sold for $5
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