Sacramento Kings to offer employees the option of being paid in bitcoin

Team Luno
Back to blog

1 minute read

The Sacramento Kings franchise announced last week that they’ll be offering bitcoin as a salary option for everyone who works for the organisation.


Sacramento Kings CEO and governor Vivek Ranadivé made the announcement during a Clubhouse session called the “Satoshi Roundtable”, having been invited to join by venture capitalist Tim Draper.


Ranadivé said: “I’m going to announce in the next few days that I’m going to offer everyone in the Kings organisation, they can get paid as much of their salary in bitcoin as they want, including the players.”


Neil Jacobs, a Bitcoin enthusiast present in the Clubhouse room tweeted the announcement, too.



It’s clear the Kings are no newcomers in the crypto space at all – they accepted bitcoin as payment back in 2014 and even started mining crypto in 2018. In 2019, the NBA franchise released the “Kings Token” designed to reward fans who engaged with the team.


Mark Cuban’s Dallas Mavericks are reportedly also dabbling in crypto. Who’s next?

Avatar Team Luno

Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

It’s never too late to get started

Buy, store and learn about cryptocurrency today

Desktop Icon Apple App Store Logo Google Play Store Logo