• Oakland A’s are selling straight tickets for a bitcoins.
  • As of Tuesday, the offer would be 15% lower than last week’s price.
  • More than 60 people have already expressed interest in the deal, the club said.

The Oakland A’s are offering a six-person suite for the 2021 home season for the price of one bitcoin.

The agreement makes the baseball equip the first professional sports in the United States to price tickets directly in cryptocurrency instead of US dollars.

The regular price for the full-season suite offering is $ 64,800, which is more than 15% more than the current price of bitcoin. Over the past few months, the cryptocurrency has fluctuated between $ 50,000 and $ 60,000.

Over the weekend, bitcoin hit an all-time high of nearly $ 62,000, dropping nearly 10% on Monday to below $ 55,000.

Baseball club president Dave Kaval told the Wall Street Journal that more than 60 people have already expressed an interest in using Bitcoin to buy a sequel.

“It’s a great way to see if the hype can come true and hopefully make Bitcoin and cryptocurrency transactions more common,” he told the newspaper. “If you see him in baseball, you could potentially see him anywhere.”

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Other professional sports teams, including the Sacramento Kings and the Dallas Mavericks of the NBA have accepted crypto-currencies in exchange for tickets in the past. In March, the Dallas basketball team owned by Marc Cuban
announced that they would accept Dogecoin in exchange for tickets and goods. However, these offers were always indexed to a price match in USD.

The Oakland A’s are the first team to accept a static price: a bitcoin, regardless of its value.

Kaval told the Journal that by accepting bitcoin for the suite for six people, he would give buyers the option to bet on the price of bitcoin.

“We’re basically taking the risk and we’ll see how it plays out,” Kaval told The Wall Street Journal. “I think that’s another reason that might compel some people to do it. If it goes down to $ 20,000, maybe it will increase the volume!”

The bitcoin offer is available until April 1, when the baseball team opens its season against the Houston Astros.

Earlier in March, California Governor Gavin Newsom said the state’s MLB teams could open at 20% capacity.


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