17 years Ago, Martti Malmi Sold 5,050 Bitcoin

[Hazink]

The whole pizza thing is a bit weird because Lazlo didn't actually buy the pizza with BTC , he sent the Bitcoins and Jeremy bought the pizzas with a normal credit card.

That misconception was widely spread by some articles which tried to cover the event. Some articles like this one, record that "Bitcoin miner, Laszlo Hanyecz, spent 10,000 BTC to purchase two pizzas at a Papa John’s outlet." Anyone who did not do more research will just be moving with that idea. It could have made more sense if they put it this way "that Jeremy Sturdivant bought the pizza with his credit card, which he later sold to Laszlo for 10,000 bitcoin" instead of completely removing Jeremy from the picture.

So sad for Sirius no doubt he take a risk and started the fiat transaction but 5050 bitcoin is a huge number if i compare it with today's market price it's around 419 millions apart from him there will be more peoples like him who sold there bitcoin for few dollars because 5050 for just 5$ is the clear example that many people would not believe at that time that the digital gem they were holding will be more valuable after 17 years and majority of people would not be able to just afford one bitcoin . Any ways if we were start accumulating from now may be in future if we were alive tell our kids that in 2026 it was around 83k and now we are on moon .

It's not sad if you ask me, those where sacrifice they all made and back then they earned it so easily and such a transaction was considered to be a means of distribution so that bitcoin could get down more people, like the bitcoin pizza guy some said he should be in regret, but someone some conducted a transaction of that volume for more than 7 times is not something they did out of mistake.

[As-Soon-As]

There is also one unique feature to talk about Martti Malmi, AKA Sirius; aside being a developer, he was also the first person to engage on a Fiat Bitcoin trade, which on an occasion like this we stand to learn from this landmark achievement he has made that pave way to what many of us today now see as crypto trade, whereby we can use our Fiat to acquire Bitcoin and can also trade our bitcoin for Fiat.

While the value of what he sold, 5,050 Bitcoin, was $5 back then, you can imagine holding the same value of 5,050 BTC today.  
https://x.com/i/status/2109679802235904388

The Bitcoin he sold is a lot of money at current prices, but he is incredibly memorable. I heard a story where he sold 10,000 Bitcoins to buy pizza, just to buy pizza but it made a transaction of 5050 Bitcoins for just $5. This story teaches you that those who sold Bitcoin in the past must have been fools because it has become very expensive now and they are just regretting it. So it is necessary to hold Bitcoin, not sell it.

[YOSHIE]

While the value of what he sold, 5,050 Bitcoin, was $5 back then, you can imagine holding the same value of 5,050 BTC today.

In fact, I personally often read interesting stories about Martti Malmi in the course of the early development of Bitcoin, which is widely known in Bitcointalk circles as Sirius-m, he co-founded the revolutionary cryptocurrency as we know it today, it's no wonder that Sirius is considered a Bitcoin legend.

The moment of the first Bitcoin transaction that Martti carried out sold 5,050 BTC for $5 at that time and until now it has been immortalized and has become a very important thing in the history of Bitcoin throughout time.
Maybe yes, if it is in circulation as of October 2026, 5.050 BTC is worth $422.685.000 if multiplied by the price of Bitcoin at $83.700.

For me it is one thing to respect Martti until now, even though we all know he had sold most of his Bitcoin at that time, but it is an honor for Martti, he remains a loyal supporter of cryptocurrency/Bitcoin and one more thing Martti continues to contribute to the community, especially Bitcoin, this is an honor.