Kevin Durant Made Fortune After Recovering Old Bitcoin Wallet From 2016
Kevin Durant has made a huge profit after managing to recover his old Bitcoin wallet from 2016.
The two-time NBA champion Durant was traded to the Houston Rockets in July 2025 as part of a complicated seven-team trade.
Now, Durant has signed a two-year contract extension with the Rockets worth $90 million, raising expectations for the new NBA season.
According to ESPN's Shams Charania, the deal also means Durant now has the highest career earnings in NBA history, having made a huge $598.2 million throughout his career.
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Durant's wealth has also been boosted by his investments away from basketball, including an investment in Bitcoin.
Back in 2016, Durant and his business partner Rich Kleiman decided to invest in the cryptocurrency.
But the pair later lost access to their crypto wallet.
Kleiman previously explained: "We've yet to be able to track down his Coinbase account info, so we've never sold anything, and his bitcoin is just through the roof."
However, a representative of Kleiman confirmed they had regained access to the account in September 2025, although they did not reveal how much Bitcoin they had.
When Durant invested in 2016, Bitcoin was worth around $650.
By October 2025, it has reached highs of around $124,000, an increase of more than 190 times.
That means Durant would only have needed to invest $5,235 in 2016 for his Bitcoin wallet to now be worth $1 million.
Kevin Durant's new contract
Durant has played for five NBA teams since he was drafted back in 2007.
He began his career with the Seattle SuperSonics, who became the Oklahoma City Thunder in 2008.
He joined the Golden State Warriors in 2016 winning two championships, before moving to the Brooklyn Nets in 2019 and the Phoenix Suns in 2023.
The 37-year-old is one of the most decorated players in the league.
He was named MVP in 2014, is a 15-time All-Star, and has four Olympic gold medals with Team USA.
Durant remains a key figure in the NBA, with the Suns losing six of their seven playoff games last year, while he recovered from an ankle injury.
Although he could have signed a deal worth $120 million, Durant accepted less money to give the Rockets greater flexibility to add better players and challenge for the championship.
Last season's champions, the Oklahoma City Thunder, will again enter the season as favourites, but Rockets fans will be hopeful that Durant can help close the gap.
Houston won all four of their pre-season games, including a 133-115 win over the Atlanta Hawks in their most recent match.
The Rockets begin the NBA season on October 21, when they travel to Oklahoma to take on the reigning champions.
Topics: NBA, Basketball
James Taylor