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Ball Club, Bitcoin, Bitcoin (BTC), Cryptocurrency, Cryptocurrency, Dave Kaval, Major League Baseball (MLB), NBA, Oakland, Oakland A, Oakland Athletics, Professional Baseball, Season tickets, sports, sports teams
The president of the American professional baseball team Oakland Games (A’s) recently discussed the club’s acceptance of Bitcoin as an all-season suite on Bloomberg TV. Dave Kaval, President of A, explained that the team will hold the crypto assets obtained from the sale, not sell them, because they are “believers.”
In mid-March, Bitcoin.com reported that A was accepting Bitcoin payments for the 2021 all-season suite that can accommodate 6 people. The management of the team also decided that no matter how much the price of BTC fluctuates, only one Bitcoin will be accepted throughout the season. Using Monday’s BTC exchange rate, if the person decides to use Bitcoin to buy the full set of the season, the cost is still a discount. After the announcement, the president of the American professional baseball team Dave Kaval (Dave Kaval) explained A will hold Bitcoin.
“We will keep it,” Caval said in an interview. “We believe in it and hope it will continue to rise. Maybe we can use some of the proceeds to sign some large free agents… who knows?” Kaval added.
As early as when A announced its support for cryptocurrency, Kaval stated that the government was “happy to be one of the few teams accepting cryptocurrency payments.” The Oakland baseball team has booked ten suites for the full season of 2021 for the purchase of bitcoin. However, no products have been purchased yet, and the deadline is April 1 (Thursday). Despite the poor sales, Kaval pointed out that the club has already seen it in the “hundreds of entry inquiries” on this topic.
The acceptance of Bitcoin at the Oakland Games has always been part of the trend, and many sports teams have seen crypto assets. For example, the NBA has witnessed the adoption of many cryptocurrencies such as the Mavericks and Kings. The owners of these teams, as well as the Jazz, Nets, Wizards, and Celtics, have formed an NBA Blockchain Association.
In addition, it was announced over the past weekend that the crypto trading platform FTX Exchange now has the right to change the name of the American Airlines Arena in Miami. It will be officially renamed FTX Arena in the future. Many people believe that the hometown of the Miami Heat will be injected with many encrypted ads. It seems that Oakland A is not the only sports team that believes in this technology, and the trend of acceptance is still spreading.
What do you think of the Oakland Games, saying that they decided to hold Bitcoin instead of selling Bitcoin? Let us know your thoughts on this topic in the comments section below.
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