Coinbase CEO confirms Kevin Durant has unlocked $117k crypto wallet after decade-long wait

Fanatics Fest NYC 2025 - Source: Getty
Kevin Durant unlocked $117k crypto wallet after decade-long wait [Picture Credit: Getty]

Kevin Durant's Bitcoin investment has reportedly increased in value by almost 200 times. According to the Bitcoin Archive, the Houston Rockets star invested in the cryptocurrency through Coinbase in 2016. He was, however, locked out of his account.

Ad

On Thursday, Coinbase CEO Brian Armstrong confirmed that the two-time NBA champion has regained access to his account. Armstrong retweeted Bitcoin Archive's post about Durant's account and said the issue had been fixed.

"We got this fixed. Account recovery complete!" he wrote.
Ad

Explore the NBA Draft 2024 with our free NBA Mock Draft Simulator & be the GM of your favorite NBA team.

According to Bitcoin Archive, Durant invested $650 in Bitcoin in 2016, and it is now worth around $117,000.

Durant has had a keen interest in cryptocurrency. In 2017, the NBA superstar co-founded Thirty Five Ventures, a company through which he invested in startups. According to Yahoo Finance, in April 2021, Thirty Five Ventures invested in Coinbase when it was valued at $86 billion. It included a promotional deal with Durant's venture capital firm.

According to Forbes, Durant has invested in as many as 80 companies through Thirty Five Ventures.

Ad

Kevin Durant finalizes investment deal with PSG ownership

Apart from venture capital and media investments, Kevin Durant has also made investments in the sports industry. In 2020, the Rockets superstar purchased a minority stake in Major League Soccer's Philadelphia Union. He also bought stakes in Major League Pickleball and NWSL's Gotham FC.

Earlier this year, Durant secured a minority stake in French soccer team Paris Saint-Germain, owned by Qatar Sports Investments. Durant had previously bought a stake in PSG through Arctos Sports Partners but now has a direct investment in the Champions League winners.

Warriors Nation! You can check out the latest Golden State Warriors Schedule and dive into the Warriors Depth Chart for NBA Season 2024-25.

Quick Links

Edited by Nandjee Ranjan
Sportskeeda logo
Close menu
WWE
WWE
NBA
NBA
NFL
NFL
MMA
MMA
Tennis
Tennis
NHL
NHL
Golf
Golf
MLB
MLB
Soccer
Soccer
F1
F1
WNBA
WNBA
down arrow icon
More
bell-icon Manage notifications