Australian Baseball League team, the Perth Heat, say they will become the first club in professional sport to pay its players in Bitcoin as part of a new sponsorship agreement. The baseball team will pay players and staff in Bitcoin and accept Bitcoin for sponsorships, merchandise, and even famed ballpark concessions like peanuts and crackerjacks.
Perth Heat appoints a chief Bitcoin officer to help move “the corporate treasury from dollars to Bitcoin.”
Perth Heat also revealed that it has appointed a chief Bitcoin officer to help move “the corporate treasury from dollars to Bitcoin.” “This is not a one-off purchase to hedge against future uncertainties or inflationary pressures,” Patrick O’Sullivan said in a team statement. “The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” he added. Heat chief executive Steve Nelkovski spoke vaguely about the “mindset that Bitcoin imparts” and how that “will be felt by our players, coaches, staff, and our loyal fan base.”
Mainstream adoption of bitcoin continues.
Perth Heat’s chief executive said employees at the club “fully embraced the opportunities” that came with the move. “By embracing the underlying values of the Bitcoin protocol, we believe that the organization can reach new levels of success both on and off the field and remind the world of the true value of sports,” he said. Bitcoin has more than doubled this year and continues to maintain a bullish trend. Several major firms this year have embraced bitcoin and other cryptocurrencies.