The A’s was the first team in Major League Baseball to recognize cryptocurrency as payment for seats.
The Oakland Athletics of Major League Baseball have sold their first crypto-purchased season ticket less than three weeks after they were first made available.
On March 15, the Oakland Athletics, as they are affectionately known, unveiled an offer allowing fans to buy suite tickets using Bitcoin.
The buyer, New York-based publicly traded crypto asset network Voyager Digital Ltd, was announced by the San Francisco East Bay ballclub on Wednesday, March 31. For the price of one Bitcoin, or nearly $58,500 on the day, the fintech company bought a six-person suite for all of the team’s 2021 home games.
Six-person private suites for individual games cost about $600, while the official price for a season-long suite is actually more than a single Bitcoin at $64,800, according to the official website.
The A’s have been the first team in Major League Baseball to sell tickets in cryptocurrency as a result of the purchase. Dave Kaval, Team President, congratulated the buyer, saying:
“Cryptocurrency is a viable and tangible currency model, and we are optimistic that other forward-thinking businesses and individuals will follow Voyager in embracing it as payment for tickets.”
Steve Ehrlich, co-founder and CEO of Voyager, said the company has a close relationship with outfielder Stephen Piscotty and that the suite will be shared with the company’s customer base in the Bay Area and beyond.
In an earlier interview on Friday, March 26, Kaval confirmed that any BTC earned through ticket sales would be held by the team, adding:
“We believe in [Bitcoin], and we hope it continues to grow so that we can use some of the proceeds to sign some major free agents.”
According to the team’s official outlets, fans can still purchase a full-season six-person suite for one BTC until Thursday, April 1.