This week, Coinbase CEO Brian Armstrong confirmed that Kevin Durant had regained access to a Coinbase account that he had opened almost 10 years ago. This puts an end to the speculation surrounding the NBA star's supposed permanent lockout.
Durant first entered the market in late 2016, when Bitcoin was trading at around $650. The largest cryptocurrency now changes hands at around $117,000, representing an increase of around 180 times since his initial purchases.
Over the past five years alone, Bitcoin's price has increased by more than 950%, turning initial investments into multimillion-dollar holdings.
HOT Stories New 'Spot' XRP ETF Records Largest Natural Day 1 Volume of 2025Crypto Market Prediction: Can XRP Hit $4.20? Bitcoin Eyes $130,000 All-Time High, Dogecoin ETF Could Spark Meme Coin EuphoriaBitcoin Price Reacts to Fed's Rate Cut, XRP Futures Options to Go Live on CME, Top Trader Moves Ethereum to Binance — Crypto News DigestCritical Chrome Exploit Could Drain Your Crypto, CTO of French Hardware Wallet Giant Warns
We got this fixed. Account recovery complete! https://t.co/TWYFpQkXsb
Advertisement— Brian Armstrong (@brian_armstrong) September 19, 2025The account issue arose during a discussion at CNBC's Game Plan conference in Los Angeles. Durant’s business partner Rich Kleiman said his client had been unable to log in for years. Hours later, Armstrong addressed the matter directly on social media, writing that the recovery process had been completed.
NBA star becomes major U.S. exchange investor
Durant’s connection to Coinbase goes beyond a user account. In 2017, he and Kleiman added Coinbase to the portfolio of their 35V investment firm. Four years later, the two companies signed a marketing agreement, making Durant one of the company’s public ambassadors.
Despite these ties, he was unable to access Bitcoin purchased prior to the partnership and investment.
The scale of the numbers involved puts the recovery in perspective. A $10,000 Bitcoin investment at Durant’s entry price would now be worth almost $1.8 million. Even a single coin purchased in 2016 would now be worth more than $116,000.
Durant, who is set to play in the upcoming NBA season with the Houston Rockets, has now regained direct control of assets acquired almost 10 years ago.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
