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RE: Leo Talk 3/31/2021 -Come Join Our Chat

in LeoFinance • 4 years ago

The Oakland A's with an interesting approach to Bitcoin. As we know, they are going to accept BTC to buy a suite for the season.

However, the team will not convert the Bitcoin but will hold it and use the gains to sign free agents.

Interesting way for a small market team to try and close the gap with larger market teams.

https://dailyhodl.com/2021/03/31/oakland-as-say-they-plan-to-hodl-bitcoin-will-use-gains-to-sign-free-agents/

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4 years ago in LeoFinance by
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     4 years ago  

    I am not sure if that is a good idea. As much as I would like to say BTC always goes up, its possible to drop and they still need some reserves when we hit a bear market.

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       4 years ago  

      I would presume the majority of their revenues still come in USD.

      Plus on suites, since it is just renting out space, it is mostly profit. Odds are this is a multi-year vision.

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