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The Oakland Athletics, the team starring in the box office smash “Moneyball,” are taking a single Bitcoin as payment to lease a six-seat suite for the 2021 home season.
The Oakland Athletics, the San Francisco East Bay ballclub featured in the Academy Award-nominated 2011 film Moneyball, are kicking off the new season with a Bitcoin-friendly deal for their fans.
Until April 1, the club is selling a full season, six-person suite for the home season for one Bitcoin (BTC), which is actually worth $57,653. Provided that the fiat currency price for a suite is set at $64,800, this turns out to be a marginal discount for the time being.
Bitcoin’s exponential price increase since December 2020 has given the A’s the opportunity to create a fan-friendly deal that is still financially sound for the club. In a press conference on Sunday, club president Dave Kaval stated:
“Part of the reason we’re doing this is the price makes sense. Since a Bitcoin is worth about the same as a season suite it gives our fans some different choices. And it kind of tests it to see if it’s something we’d like to do in more aspects of our business.”
Kaval also mentioned that the rising popularity of cryptocurrency in California was a factor in his decision to invest in it, noting that “especially in the Bay Area, you see more people discussing or transacting with Bitcoin.” For the new season, 100 full-season suites priced at 1 BTC will be available. The approval for games to open at a 20 percent audience capacity was only recently stated by California Governor Gavin Newsom, and it is also subject to COVID-19 cases staying under supervision.
Aside from the A’s acceptance of cryptocurrency payments, the growing demand for nonfungible tokens, or NFTs, has made inroads at the crossroads of the art world and the major league sports culture. Bidders paid millions of dollars in February for tokenized art by retired second baseman Micah Johnson.
Meanwhile, blockchain sports businesses such as Chiliz have been attempting to establish a foothold in the MLB fanbase, seeing the game as a potentially profitable road to widespread acceptance of the technology.