Oakland Athletics Baseball Team Now Accepts Bitcoin

The Oakland A’s, the star team in the hit movie “Moneyball,” accept a single Bitcoin as payment for a six-seater suite during the 2021 season.

March 15, 2021 | AtoZ Markets The Oakland Athletics or A’s, the San Francisco Bay baseball club that stars in the 2011 Oscar-nominated movie Moneyball, greets the new season with a Bitcoin (BTC) offer for its fans.

Until April 1, the club offers a suite for the entire season, with capacity for six people, at the price of one Bitcoin, currently valued at $57,653. This is, for the moment, a slight discount, since the fiat price of a suite is set at $64,800.

The unprecedented rise in the price of Bitcoin since December 2020 has opened up the possibility for the A’s to craft an offering for fans that is also financially sound for the club. In an interview with reporters on March 14, club president Dave Kaval said:

Part of the reason we are doing this is that the price makes sense. Since a Bitcoin is worth roughly the same as a seasonal suite, it offers our fans a few different options. And it’s kind of a test to see if it’s something we’d like to do in more aspects of our business.”

Kaval added that an additional factor in the decision to commit to cryptocurrencies was its growing popularity in California, noting that “especially in the Bay Area you see more people discussing or transacting with Bitcoin.” 100 full season suites, priced at 1 BTC, will be on sale for the new season.

California Governor, Gavin Newsom, confirmed recently approved for the games open at 20% capacity audiences and remains subject to the COVID-19 cases remain under control.

In addition to A’s adoption of cryptocurrency payments, the increasingly popular market for non-fungible tokens, or NFTs, has also been advancing at the intersection of the art world and the major league sports community. This February, bidders shell out millions of dollars for tokenized artwork by former second baseman Micah Johnson.

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