Durant recovered 300 bitcoins! The value increased 180 times, with a floating profit of 200 million!

Recently, a story about NBA superstar Kevin Durant's wealth has sparked heated discussion in the cryptocurrency and sports communities. Brian Armstrong, CEO of cryptocurrency exchange Coinbase, posted on social media confirming that he had successfully helped Durant recover the password to his long-inaccessible platform account. With the account reopened, a nine-year-old investment story surfaced: the 300 bitcoins Durant purchased in 2017 have now soared in value to approximately $35.1 million (approximately 250 million yuan), a nearly 180-fold increase.

Back in 2016, shortly after announcing his signing with the Golden State Warriors, Durant was invited to a birthday party hosted by Ben Horowitz, a devoted Warriors fan and co-founder of the renowned venture capital firm Andreessen Horowitz (a16z).

According to sources close to Durant, the word "Bitcoin" was mentioned as many as 25 times at the party, sparking a strong interest among Durant and his agent. The day after his birthday party, Durant, curious about digital currencies, and his agent quickly began researching and made the investment decision. At the time, Bitcoin was trading around $650, so the two of them invested $195,000 (about 1.387 million RMB at the exchange rate) to purchase 300 bitcoins.

While this investment seemed bold at the time, they didn't anticipate it would later become a staggering "sleeping asset." However, shortly after investing, Durant forgot his Coinbase login password, leaving him unable to access his account for an extended period.

While unable to buy, sell, or check his balance, his agent revealed that Durant always remembered he had the bitcoins, simply unable to access them. This seemingly inadvertent incident inadvertently led to a forced "long-term holding," unexpectedly avoiding the high volatility and frequent trading risks associated with the cryptocurrency market.

A turning point came recently. With the help of Coinbase customer service, Durant finally successfully reset his password and logged into his long-dormant account. The figures that greeted him were astonishing: by the time he logged in, the price of Bitcoin had risen to approximately $117,000.

The total value of the 300 Bitcoins he purchased that year reached $35.1 million, with a net profit of approximately $34.905 million (approximately RMB 248.8 million).

This unexpectedly unlocked fortune is undoubtedly a significant amount of pocket money for Durant.

Compared to his career earnings, according to public data, Durant's salary this season is approximately $54.7 million. This means that this Bitcoin gain is equivalent to more than half a season's salary, making it a truly significant overnight acquisition of liquid assets.

Durant's experience has been jokingly described by many cryptocurrency investors as a "blessing in disguise." In the volatile digital asset market, long-term holding strategies often test investors' patience and determination. However, this unexpected "forgotten password" incident has instead become a classic example of buying low and selling high.

So far, Durant has not disclosed whether he will continue to hold or partially cash out the Bitcoin. But what is certain is that this investment story, which began at a birthday party nine years ago, has become another legendary story that intersects the worlds of crypto and sports.