The Oakland A’s just sold a suite season ticket for cryptocurrency this week
By Bob Garcia
Cryptocurrency continues to find more support for its value as an alternative to fiat
Oakland Athletics, the renowned MLB team has recently reported selling its first season ticket through the use of cryptocurrencies. It has only been three weeks since the team first made this offer, and it appears that it wasn’t hard to get.
On March 15, the Oakland A’s made available to fans an offer that would give them the option to purchase suite tickets using Bitcoin, and 16 days after that announcement, the baseball club gratefully announced that the official purchaser was cryptocurrency platform publicly traded Voyager Digital Ltd. It seems that the purchase was not small at all, as according to reports, the financial technology company decided to buy a suite for six people, but not just for one game, but for all home games of the team throughout 2021. In order to achieve this purchase, one Bitcoin was paid, which represented a value of $58,500 on the day of purchase.
This purchase has become a milestone for the A’s and for MLB history in general, as they can now be considered the first Major League Baseball team to successfully sell portions of their tickets via cryptocurrencies as a method of payment. “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,” said Dave Kaval, team’s president.
Steve Ehrlich, Voyager’s co-founder and CEO, has said that the company has maintained a very good relationship with player Stephen Piscotty and that the suite will be shared primarily with clients they currently have in the Bay Area and beyond.