Jeremy "jercos" Sturdivant, known for receiving 10,000 Bitcoin (BTC) in the first documented commercial Bitcoin transaction, revealed he spent the entire amount on a road trip across the United States. This revelation came after Adam Back, CEO of Blockstream, shared a video of Sturdivant discussing the transaction, reigniting interest in the historic event. On May 22, 2010, Sturdivant received 10,000 BTC from developer Laszlo Hanyecz in exchange for two pizzas, marking the first commercial use of Bitcoin. Sturdivant used the BTC as a functional currency, spending it as its value increased, including funding a cross-country trip. Despite Bitcoin's price reaching an all-time high of $126,000 in October 2025, Sturdivant expressed no regrets about his decision to spend rather than hold the cryptocurrency. The story highlights a longstanding debate within the Bitcoin community about whether the cryptocurrency should be used as a transactional currency or held as a long-term investment. While Sturdivant viewed Bitcoin as a currency to be spent, figures like Adam Back advocate for holding BTC as a hedge against fiat currency devaluation.