Perth Heat to pay players and staff in Bitcoin as part of a new sponsorship deal

Australian Baseball team the Perth Heat say they will become the first club in professional sport to pay their players in Bitcoin as part of a new sponsorship deal.

The Heat will pay players and staff in Bitcoin, and will also accept Bitcoin for sponsorships, merchandise and even famous stage concessions like peanuts and crackerjacks.

The club has also appointed a chief Bitcoin officer to help move “the company’s treasury of dollars to Bitcoin”.

“This is not a one-off purchase to protect against future uncertainties or inflationary pressures,” Patrick O’Sullivan said in a team statement.

“The Perth Heat accepts the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain.”

Heat CEO Steve Nelkovski spoke vaguely about the “thought Bitcoin adds” and how that “will make our players, coaches, staff and our loyal fan base feel”.

He said employees at the club “fully accepted the opportunities” that came with the move.

“By embracing the underlying values ​​of the Bitcoin protocol we believe the organization can achieve new levels of success both on and off the field and remind the world of the true value of sports,” he said.

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