Oakland Athletics plans to maintain Bitcoin revenue
In mid-March, Bitcoin.com reported on Oakland Athletics (A’s) accepting Bitcoin payments for cabins that accommodate up to six people for the full 2021 season. The team management also decided to accept a single Bitcoin for the full season cabins, no matter how much the BTC has fluctuated in value.
Using Monday’s BTC exchange rate, the cost is still a discount if the person decides to buy a full package for the season with Bitcoin. After the announcement, the president of the American professional baseball team Dave Kaval explained that A’s will be holding Bitcoin.
“We are going to hold him”, said Kaval during his interview.
“We believe that and hope that it will continue to rise. Maybe we can sign some great free agents with part of the income… who knows? ”Kaval added.
At the time that A’s announced support for cryptocurrency, Kaval said the administration was “excited to be one of the few teams to accept cryptocurrency as payment”. The Oakland baseball team has reserved ten cabins from the full 2021 season for Bitcoin purchases. However, there has been no purchase yet and the deadline ends on Thursday, April 1st. Despite the lack of sales, Kaval noted that the club received “more than one hundred inquiries on the matter”.
Cryptocurrency acceptance is spreading across a large number of professional sports leagues
The acceptance of Bitcoin by Oakland Athletics has been part of a trend in which a large number of sports teams have seen exposure to crypto. For example, the NBA has seen a lot of cryptocurrency adoption by teams like Mavs and Kings, and the owners of those teams, in addition to Jazz, Nets, Wizards and Celtics, formed an NBA blockchain association.
In addition, last weekend it was announced that the cryptocurrency trading platform FTX Exchange now has the right to change the name of the American Airlines Arena in Miami. From now on, it will be officially renamed to FTX Arena and many people assume that the Miami Heat home will be infused with many crypto ads. It seems that Oakland A’s is not the only sports team that believes in this technology and the acceptance trend continues to spread.