$1 = 1,309.03 BTC

Keyword reference — entries that mention this term in body prose.

Defined in: First Bitcoin exchange rate — $1 = 1,309.03 BTC

2 entries reference this keyword in body prose.

Event February 21, 2010 Added July 10, 2026 Updated August 6, 2026 Analysis

Bitcoin price vs production cost: the first exchange rate, Satoshi Nakamoto's 2010 equilibrium, and which one leads

Bitcoin Institute ↔ Satoshi Nakamoto, NewLibertyStandard, Martti Malmi

Bitcoin's first price was a production-cost estimate. Satoshi predicted in 2010 that market price would come to dictate production cost — not the reverse. The arc from 2009 to modern models.

Event October 12, 2009 Added February 22, 2026 Updated July 20, 2026 Article

First Bitcoin sale for fiat — Martti Malmi sells 5,050 BTC for $5.02

Martti Malmi ↔ NewLibertyStandard

Martti Malmi sells 5,050 BTC to NewLibertyStandard for $5.02 via PayPal — the first known Bitcoin-to-fiat exchange, establishing a real-world price of ~$0.001 per BTC.