Bitcoin
$43,123.00-4.07%
Ethereum
$3,064.17-2.09%
XRP
$0.949343-1.69%
Cardano
$2.13+0.11%
Polkadot
$29.74-3.11%
Stellar
$0.283732-3.08%
Dogecoin
$0.210466-3.82%
Chainlink
$23.94-5.47%
Uniswap
$21.38-4.66%
Polygon
$1.16-4.85%
Litecoin
$159.70-3.38%
Bitcoin Cash
$543.69-4.92%
Cosmos
$36.83-9.82%
Algorand
$1.80+0.26%
Wrapped Bitcoin
$43,150.83-4.03%
Filecoin
$74.57-5.06%
The Graph
$0.720468-4.37%
Tron
$0.093763-0.46%
Ethereum Classic
$49.85-4.15%
Aave
$302.47-4.12%
Tezos
$5.44-4.34%
Monero
$235.84-3.80%
NEO
$41.64-5.73%
EOS
$4.26-6.31%
IOTA
$1.32-5.77%
BitTorrent
$0.003396-3.68%
Bitcoin SV
$144.80-2.91%
Maker
$2,510.19-2.12%
Waves
$24.18-2.07%
Dash
$174.26-2.81%
Decred
$119.90-8.37%
OmiseGO
$10.99+27.71%
ICON
$1.67+2.62%
Decentraland
$0.686709-6.65%
NEM
$0.156891-4.72%
Zcash
$119.41-4.75%
NuCypher
$0.284142-4.46%
Yearn Finance
$29,919.81-2.93%
Qtum
$10.51-5.19%
Paxos Standard
$1.00+0.76%
Bitcoin Gold
$55.66-5.74%
Basic Attention Token
$0.666400-2.31%
0x
$0.929156-4.11%
Bancor
$3.58-3.77%
Ren
$0.821582+2.42%
Fetch.ai
$0.710369+1.96%
Band Protocol
$7.76-5.32%
Siacoin
$0.015705-5.13%
Kava.io
$5.19-5.37%
Nano
$4.94-0.51%
Loopring
$0.409721-2.71%
Storj
$1.15-4.79%
Lisk
$3.10-4.43%
Numeraire
$40.66-5.15%
Civic
$0.423114-5.04%
Orchid
$0.332665-2.21%
PAX Gold
$1,766.33+0.39%
Augur
$21.99-5.10%
Aragon
$5.03-8.32%
Enzyme
$105.38-5.17%
district0x
$0.154172-3.17%
Kyber Network
$1.52-4.62%
SingularDTV
$0.001341-3.87%
Tether
$1.00+0.02%
USD Coin
$1.00+0.03%
Dai
$1.00-0.04%

In MLB First, Oakland A's Sell a Private Suite for 1 Bitcoin

A’s President Dave Kaval previously said the baseball team would “hodl” the bitcoin received from sales and not convert it into fiat.

Apr 1, 2021 at 2:25 p.m. UTC
Updated Sep 14, 2021 at 12:34 p.m. UTC

The Oakland A’s is the first baseball team to have sold a luxury box for bitcoin.

  • A’s President Dave Kaval tweeted Wednesday that crypto broker Voyager Digital had become the first buyer of a full-season suite at the Oakland Coliseum.
  • The team announced March 14 it was selling private suites for the full 2021 season for either $64,800 or 1 BTC.
  • The bitcoin paid by Voyager Digital was worth about $59,240 at the time of Kaval’s tweet.
  • However, one must wonder what the firm’s cost basis was for the transacted bitcoin. Voyager Digital’s Stephen Ehrlich started as CEO in January 2018, when bitcoin was trading around $12,000.
  • Kaval told Bloomberg on March 26 the A’s would hodl any bitcoin received from such sales and not convert it into fiat.
  • “The price of a season suite may fluctuate depending on when it’s purchased, which adds to the excitement,” Kaval said when the scheme was announced.
  • The A’s start the 2021 baseball season tonight in a home game against the Houston Astros.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...