Skip to main content

Oakland Athletics MLB team has sold a suite season ticket for Bitcoin for the first time

The A’s become the first team in Major League Baseball to sell tickets for cryptocurrency.

Major League Baseball team Oakland Athletics has sold their first crypto-purchased season ticket less than three weeks after first offering them.

The Oakland A’s, as they’re colloquially called, introduced an offer on March 15 enabling fans to purchase suite tickets with Bitcoin.

On Wednesday, March 31, the San Francisco East Bay ballclub announced that the buyer was New York-based publicly traded crypto asset platform Voyager Digital Ltd. The fintech firm purchased a six-person suite for all of the team’s 2021 home games for the price of one Bitcoin, or approximately $58,500 on the day.

Six-person private suites for individual games are on sale for around $600, and the official price for the suite for the entire season is currently more than that of a single Bitcoin at $64,800 according to the official website.

The purchase has become a milestone for the A’s as they become the first team in Major League Baseball to sell tickets for cryptocurrency. Team President Dave Kaval congratulated the buyer, stating:

“Cryptocurrency is a viable and tangible currency model, and we know other forward-thinking companies and individuals will join Voyager in using this payment for ticket purchases.”

Voyager co-founder and CEO Steve Ehrlich stated that the firm has close ties with outfielder Stephen Piscotty and that the suite will be shared with its customer base in the Bay Area and beyond.

In an earlier interview on Friday, March 26, Kaval stated that the team would be hodling any BTC made through ticket sales, adding:

“We’re believers in [Bitcoin] and hopefully it continues to go up and maybe we can find some big free agents with some of the proceeds.”

Fans can still buy a full-season six-person suite for one BTC until Thursday, April 1 according to the team’s official channels.



from https://ift.tt/3ucUTyU
https://ift.tt/3m8bBNf

Comments

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...

Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF. Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin ( BTC ) exchange-traded fund (ETF) it is seeking to create.  Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to maintain to date approximately 99.5% market share in a two-participant market despite charging more than four times the asset management fee that Osprey charges for its services.” Specifically, Osprey alleged that Graysc...