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Australian Baseball Club First to Operate On A Bitcoin Standard Integrates Lightning

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  • ABL’s most successful club has embarked on a Bitcoin standard, shifting its corporate treasury from dollars to bitcoin.
  • “The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” its chief bitcoin officer said.
  • The club will pay players and staff in bitcoin, accept BTC for payments, and hold bitcoin in its balance sheet.

Australian Baseball League’s most successful club, the Perth Heat, has embarked on a Bitcoin standard, the company said in a statement sent to Bitcoin Magazine, a first in the sports world. The Heat will fully integrate the Bitcoin and Lightning networks into its operations to hold bitcoin in its balance sheet, accept BTC payments, and pay players and staff in bitcoin.

“In partnership with OpenNode, the Perth Heat is setting Bitcoin as the new standard for payments and payouts,” per the statement.

The club will accept and send instant bitcoin payments through the Lightning Network by leveraging OpenNode’s suite of payment infrastructure solutions. In addition to paying players and staff in BTC, the Perth Heat will accept sponsorships, merchandise, and ballpark concessions in bitcoin.

“The Perth Heat are committed to operating according to a Bitcoin Standard and in doing so are shifting the corporate treasury from dollars to Bitcoin,” Perth Heat chief Bitcoin officer Patrick O’Sullivan said. “This is not a one-off purchase to hedge against future uncertainties or inflationary pressures. The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain.”



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