2021-03-31 19:51:13

Take me out with a Bitcoin; A’s sell 1st suite using cryptocurrency

Move over dollar bills and debit cards. Bitcoin has arrived in baseball.

The A’s on Wednesday announced they had sold a full-season, six-person suite at the Coliseum for the price of one Bitcoin. It is believed to be the first such transaction in Major League Baseball.

The suite was purchased by Voyager Digital Ltd., which is described in a statement from the team as a “publicly-traded, licensed crypto-asset platform.”

How much did Voyager pay for the suite? As a cryptocurrency, the value of a Bitcoin fluctuates — not unlike stock prices — so the cost paid by Voyager would depend on exactly when the deal was processed. According to Morningstar, one Bitcoin Wednesday morning was worth $59,228. Using that value for the sake of discussion, Voyager would have paid $731 for each of the 81 regular-season home games for the six-person suite — or roughly $122 for each seat.

“We’re eager to welcome Voyager to the Coliseum when the 2021 season starts this Thursday,” said A’s President Dave Kaval said in the statement. “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.”

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