NBA star Kevin Durant couldn’t access the Bitcoin Stash, which he bought nearly a decade ago, but his agent says the slip has become one of his best investments.
Durant, who is scheduled to play for the Houston Rockets this season, began buying Bitcoin in 2016 while he was with the Golden State Warriors.
His agent, Rich Clyman, recently said at CNBC’s Game Planning Conference in Los Angeles, that Phoenix Suns Forward had tracked Coinbase login details several years ago, saying he was blocking sales.
Clyman told the news outlet.
“We have not yet sold anything because we can’t track his Coinbase account information yet. This bitcoin is through the roof. It’s just a process that we couldn’t understand, but Bitcoin continues to rise… which means we benefited.”
Bitcoin was traded between $360 and $1,000 in 2016. The flagship cryptography represents profits above 11,000% from Durant’s peak purchase period price, changing hands at over $116,000.
Kleiman said he was the first to become interested in digital assets his teammates had repeatedly discussed Bitcoin after dinner in 2016.
He added:
“I had just heard the word ‘Bitcoin’ 25 times that night, and the next day I started investing. ”
He did not reveal how much Durant had bought.
Thirty Five Ventures, a Durant and Kleiman company, is working closely with Coinbase, which includes a 2021 multi-year promotional agreement with Exchange.
Kleiman said the pair are working with Coinbase to resolve Durant’s account access and will be called “a valuable resource in the growth of our business.”
Coinbase said customers can reset their passwords using self-service tools in the app, and the support team can handle account recovery requests 24/7.
Durant, a two-time NBA champion and Olympic gold medalist, is set to debut Rocket next season after a stint with the Phoenix.
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