Key TakeawaysThe Oakland A’s are selling full-season seating for Bitcoin. President Dave Kaval stated that he has received more than 100 inquiries and hopes to finalize two to three sales by next Thursday. Other pro sports teams such as the NBA’s Dallas Mavericks and the NFL’s Miami Dolphins have previously accepted crypto.
Share this article
Professional baseball team the Oakland Athletics is accepting Bitcoin as payment for full-season suites, according to an interview broadcast by Bloomberg Technology on Mar. 26.
One Bitcoin Per Suite
Previously, team president Dave Kaval announced that his team planned to accept Bitcoin as payment for full-season stadium suites, which seat up to six people. Rather than sell individual tickets, the team chose to sell one suite for 1 BTC regardless of Bitcoin prices.
At current Bitcoin prices, that means that season-long access to a suite could be purchased for about $57,500.
In this week’s interview, Kaval said that he has received more than 100 inquiries so far. There are ten stadium suites set aside for the offer, and he hopes that two or three deals will be finalized by the season’s opening date next Thursday.
He added that the team could accept other cryptocurrencies in the future, as it relies on the payment processor BitPay. He did not say whether the team would accept cryptocurrency for standard tickets.
Finally, Kaval stated that the team will not cash out its BTC for fiat currency. Instead, it plans to hold the Bitcoin that it receives in hopes that the value of the cryptocurrency will rise.
Other Sports Teams Accept Crypto
Several other professional sports teams have previously decided to accept cryptocurrency as a means of payment.
In early March, the NBA’s Dallas Mavericks added Dogecoin to its line of supported cryptocurrencies following initial crypto support in 2019. Earlier, the NFL’s Miami Dolphins partnered with the Litecoin Foundation to partially accept LTC. The NBA’s Sacramento Kings were one of the earliest to accept cryptocurrency in 2014.
Other crypto-related activity outside of retail payments is also underway. Notably, the crypto exchange FTX has just successfully gained the naming rights to the Miami Heats’ home stadium.
At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
AC Milan Joins Ethereum NFT Game Sorare
Sorare enlists another of the world’s biggest soccer clubs: AC Milan. AC Milan Players Now on Ethereum AC Milan, one of the world’s most popular soccer clubs, has joined Sorare. …
Dave Portnoy of Barstool Sports Adds BlockFolio as Lead Sponsor
Famous internet celebrity Dave Portnoy has partnered with Blockfolio, a crypto portfolio tracker app. Portnoy Endorses BlockFolio Blockfolio is the newest ad partner featuring on Dave Portnoy’s internet show about…
What is Dogecoin?
So what is the story behind DOGE? How did it become the asset of choice for a group of anti-establishment retail traders in January 2021, and what are the chances…
Poland’s Most Popular Soccer Club to Launch Fan Token
Legia Warsaw soccer club has entered into a partnership with blockchain FinTech provider Chiliz. They will launch their LEG fan tokens in the coming months. Poland’s Most Successful Soccer Team…