"We've yet to be able to track down his Coinbase account info, so we've never sold anything, and this bitcoin is just through the roof,"
"It's just a process we haven't been able to figure out, but Bitcoin keeps going up ... so, I mean, it's only benefited us."
Kevin Durant experienced a long-term lockout from his Coinbase account due to a forgotten password and missing account credentials. The account inaccessibility prevented any sales of Bitcoin purchased beginning in 2016 at around $600 per coin. The Bitcoin holdings appreciated substantially while inaccessible, with Bitcoin trading near $115,000 and representing about an 11,000% increase since the initial purchases. Coinbase later confirmed that the account has been recovered. Durant has had a promotional relationship with Coinbase since 2021. The inability to access the account resulted in unrealized holdings that ultimately increased in value significantly.
Read at Entrepreneur
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