The president of the American professional baseball team Oakland Athletics (A’s) recently spoke on Bloomberg TV about introducing bitcoin into the suites during the season. A president, Dave Kaval, said the team will keep the crypto assets it gets from selling and will not sell them because you believe in them.
Oakland athletics wants to keep bitcoin revenue
In mid-March, Bitcoin.com reported that Company A was accepting bitcoin payments for 2021 rooms for the entire season, accommodating up to six people. The team’s management has also decided to accept one bitcoin for the entire season, regardless of fluctuations in the value of BTC. With Monday’s BTC exchange rate, the cost is still a discount if someone decides to buy a full suite for the season with bitcoins. After the announcement, Dave Kaval, president of the U.S. professional baseball team, said the A’s would hold Bitcoin.
We’ll keep it, Kaval said in the interview. We believe in it and hope it will continue to grow. Maybe we can use some of the proceeds to contract a couple of big free agents… who knows? Caval added.
When the A’s announced their support for cryptocurrency, Caval said the administration was happy to be among the handful of teams accepting cryptocurrency as a form of payment. The Oakland baseball team has reserved ten numbers for bitcoin purchases during the 2021 season. However, no purchases have been made yet and the deadline for registration is Thursday 1. April. Despite the failure to sell, Caval noted that the football club has received more than 100 inquiries on the subject.
Acceptance of cryptocurrencies expands to many professional sports leagues
The Oakland Athletics’ adoption of bitcoin is part of a trend where many sports teams have become aware of the impact of cryptocurrencies. The NBA, for example, has been plagued by some cryptotechnology from teams like the Mavs and Kings, and the owners of those teams, as well as the Jazz, Nets, Wizards and Celtics have formed the NBA Blockchain Association.
In addition, it was announced over the weekend that crypto-currency exchange platform FTX Exchange now has the right to change the name of the American Airlines Arena in Miami. It will officially be renamed FTX Arena in the future, and many speculate that the home of the Miami Heat will be filled with more crypto ads. The Oakland A’s don’t seem to be the only sports teams to believe in this technology, and the adoption trend continues to spread.
What do you think of the Oakland Athletics’ decision to keep bitcoins instead of selling them? Let us know what you think in the comments below.
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