Kevin Durant #35 of the Phoenix Suns seems to be on throughout the second half towards the Houston Rockets at PHX Enviornment on March 30, 2025 in Phoenix, Arizona.
Chris Coduto | Getty Photographs
NBA famous person Kevin Durant cannot discover the password to his Coinbase account, which holds bitcoin that he started shopping for in earnest when he was enjoying for the Golden State Warriors in 2016. His agent could not be happier.
Durant’s predicament has “solely benefited” the hoopster, agent Wealthy Kleiman mentioned.
“We have but to have the ability to observe down his Coinbase account data, so we have by no means offered something, and this bitcoin is simply by way of the roof,” Kleiman mentioned Tuesday at CNBC’s Recreation Plan convention in Los Angeles.
“It is only a course of we’ve not been ready to determine, however Bitcoin retains going up … so, I imply, it is solely benefited us,” he mentioned.
Durant, who will play for the Houston Rockets this upcoming season, started snapping up bitcoin round 2016, after the U.S. Olympic workforce legend and Kleiman attended a dinner wherein his then-teammates stored discussing the cryptocurrency.
“I simply heard the phrase ‘bitcoin’ 25 occasions this night, and the following day, we began investing in bitcoin,” Kleiman mentioned. The agent didn’t say how a lot bitcoin Durant purchased.
Bitcoin offered for between about $360 and $1,000 again in 2016, in keeping with CoinGecko. The main cryptocurrency is now buying and selling at nearly $116,000, or greater than 11,000% above its highest worth the yr Durant was shopping for.
Bitcoin since 2020
Durant has been unable to entry his Coinbase account for “a number of years” on account of a “consumer error on our finish,” Kleiman informed CNBC on Wednesday.
“We have already been working instantly with the Coinbase workforce on Kevin’s account restoration, which is why it was straightforward for me to make a joke about it on stage,” Kleiman mentioned.
Kleiman mentioned he and Durant are additionally traders in Coinbase World, and that the corporate “has been a priceless useful resource in rising our enterprise.” In 2021, the duo’s Thirty 5 Ventures struck a multiyear cope with Coinbase to advertise the buying and selling platform, which incorporates creating content material about digital belongings for Durant’s sports activities and leisure web site, Boardroom.
Coinbase, in a press release to CNBC, mentioned its customers can reset their passwords utilizing self-service instruments throughout the buying and selling platform’s app. The platform for getting, promoting and storing cryptocurrencies additionally has an around-the-clock assist workforce fielding account restoration requests and different inquiries, in keeping with a spokesman.