Oakland A’s Close to Selling 1st $64,000 Luxury Suite Using Bitcoin
The Oakland Athletics are close to selling their first of ten luxury suites using Bitcoin
Oakland Athletics president David Kaval said the A’s are on the verge of selling the first luxury suite using bitcoin, part of a promotion that expires on April 1.
“I think we’ll probably have a transaction today or [Friday] to see the first one go,” Kaval said told CNBC’s “The Exchange.”
This week the A’s made 10 suites available for purchase using bitcoin, which was up 1.1% and trading over $59,000 per share as of Thursday afternoon. Consumers can pay one bitcoin in exchange for a luxury suite for the 2021 Major League Baseball season. A suite usually runs $64,000 for the year. Kaval labeled the promotion a “bitcoin discount.”
Though the A’s are the first MLB team to experiment with bitcoin to sell suites, other pro sports teams like the National Basketball Association’s Sacramento Kings have offered to purchase merchandise using the digital currency. The Kings started accepting bitcoin in 2014.