The Margin: Oakland A’s are selling full-season luxury suites for one bitcoin

United States

Got a spare bitcoin and a love for baseball? If so, the Oakland Athletics have a deal for you.

The A’s on Sunday announced full-season luxury-suite packages can be bought for one bitcoin BTCUSD, -0.09%. As of Sunday, that was worth about $ 60,000 — close to a record high for the cryptocurrency. If paid in dollars, a full-season suite package goes for about $ 65,000.

While some sports teams, such as Mark Cuban’s Dallas Mavericks, accept bitcoin as payments, the A’s are believed to be the first to price tickets in cryptocurrency.

“We invite our fans to become the first bitcoin suite holders in sports. We’re excited to be one of a handful of teams to accept cryptocurrency for payment and the first to price tickets in crypto instead of U.S. currency. The price of a season suite may fluctuate depending on when it’s purchased, which adds to the excitement!” A’s President Dave Kaval said in a statement. “Suites are the perfect way for groups who want to safely socially distance themselves from other fans to enjoy A’s baseball this season.”

The suites seat up to six guests, and include a private restroom and free snacks.

Under current local health regulations, the A’s ballpark will open at 20% capacity — about 11,000 people — for Major League Baseball’s Opening Day. That number will increase as Alameda County, where Oakland is located, improves its coronavirus numbers. For regular stadium seating, the team is selling seats in socially distanced pods of two and four.

Single-game suite tickets start at $ 594 — but dollars only. The bitcoin offer will last until April 1.