Opendoor Stock Jumps 14% as CEO Confirms Bitcoin Integration Plans
Shares of Opendoor Technologies (OPEN) rose 14.4% to $9.28 on October 6, after CEO Kaz Nejatian confirmed the corporate plans to allow Bitcoin funds for residence purchases. The announcement fueled optimism amongst crypto buyers and marked a key step towards mainstream adoption of digital currencies in actual property.
The replace comes as Opendoor’s inventory continues a unprecedented rebound, gaining over 480% year-to-date. The market’s response suggests rising confidence that integrating cryptocurrency may entice new consumers and speed up transactions throughout the platform.
Opendoor’s Bitcoin Move Shakes Real Estate
Opendoor operates a digital actual property platform that buys, renovates, and sells properties on to customers. The mannequin permits the corporate to handle transactions internally, making it potential to transform Bitcoin into US {dollars} with out requiring particular person sellers to deal with crypto.
In a publish on X, Nejatian stated, “We will. Just must prioritize it,” confirming Bitcoin funds at the moment are on the corporate’s roadmap. Analysts view this as a strategic enlargement that aligns Opendoor with broader developments in crypto-backed property transactions.
The firm’s crypto pivot follows a significant management reshuffle in September. Kaz Nejatian, previously Shopify’s chief working officer, took over as CEO, whereas co-founders Keith Rabois and Eric Wu returned to the board. Analysts say the crew brings a give attention to operational effectivity and disciplined progress.
In the second quarter of 2025, Opendoor reported $1.6 billion in income and narrowed its web loss to $29 million, marking its first optimistic EBITDA in three years. With new management, enhancing fundamentals, and a daring step towards crypto integration, Opendoor is rising as one of many few conventional actual property gamers able to bridge the hole between Bitcoin and brick-and-mortar belongings.
Global Real Estate Shifts to Crypto Adoption
Opendoor’s transfer comes as blockchain adoption accelerates throughout the worldwide property market. According to a 2025 report by Deloitte, tokenized actual property belongings may surpass $4 trillion by 2035, a tenfold improve from at this time’s ranges. The World Economic Forum additionally estimates that 10% of world GDP could possibly be saved on blockchain by 2030, underscoring the rising function of digital ledgers in actual asset administration.
Data from Propy, a blockchain-based transaction platform, exhibits over $4 billion in actual property offers accomplished on-chain since 2017, together with properties in California, Florida, and Dubai. These transactions show that blockchain programs can deal with authorized documentation and escrow features with out conventional intermediaries.
In Europe and the Middle East, luxurious builders such as DAMAC Properties and RAK Properties have begun accepting Bitcoin and Ethereum for property purchases. Christie’s International Real Estate and Sotheby’s Concierge Auctions have equally facilitated multimillion-dollar crypto transactions, signaling rising institutional acceptance.
Blockchain-based sensible contracts automate title transfers, streamline escrow, and scale back closing instances by as a lot as 60%, in accordance with PwC’s Global Real Estate Blockchain Report (2024). The expertise additionally allows fractional possession and 24/7 transaction visibility, decreasing fraud danger and enhancing transparency.
Still, regulatory readability stays uneven. The European Union’s MiCA framework and US FinCEN pointers are regularly addressing compliance gaps, however many areas lack standardized reporting for digital asset transactions.
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