Shares of Opendoor Applied sciences (OPEN) rose 14.4% to $9.28 on October 6, after CEO Kaz Nejatian confirmed the corporate plans to allow Bitcoin funds for house 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 patrons and speed up transactions throughout the platform.
Opendoor’s Bitcoin Transfer Shakes Actual Property
Opendoor operates a digital actual property platform that buys, renovates, and sells houses on to shoppers. The mannequin permits the corporate to handle transactions internally, making it doable to transform Bitcoin into US {dollars} with out requiring particular person sellers to deal with crypto.
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In a put up on X, Nejatian mentioned, “We will. Just need to 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 tendencies in crypto-backed property transactions.
Want we may allow house shopping for on opendoor utilizing bitcoin or another cryptos
— paviagrawal (@paviagrawal1) October 6, 2025
The corporate’s crypto pivot follows a serious 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 concentrate on operational effectivity and disciplined progress.
Within the second quarter of 2025, Opendoor reported $1.6 billion in income and narrowed its internet loss to $29 million, marking its first constructive 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 property.
OPEN inventory efficiency YTD / Supply: Yahoo Finance
International Actual Property Shifts to Crypto Adoption
Opendoor’s transfer comes as blockchain adoption accelerates throughout the worldwide property market. In accordance with a 2025 report by Deloitte, tokenized actual property property may surpass $4 trillion by 2035, a tenfold improve from as we speak’s ranges. The World Financial Discussion board additionally estimates that 10% of worldwide GDP could possibly be saved on blockchain by 2030, underscoring the rising function of digital ledgers in actual asset administration.
Knowledge from Propy, a blockchain-based transaction platform, reveals over $4 billion in actual property offers accomplished on-chain since 2017, together with properties in California, Florida, and Dubai. These transactions reveal that blockchain programs can deal with authorized documentation and escrow features with out conventional intermediaries.
In Europe and the Center East, luxurious builders corresponding to DAMAC Properties and RAK Properties have begun accepting Bitcoin and Ethereum for property purchases. Christie’s Worldwide Actual Property 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 response to PwC’s International Actual Property Blockchain Report (2024). The know-how additionally permits fractional possession and 24/7 transaction visibility, lowering fraud danger and enhancing transparency.
Nonetheless, regulatory readability stays uneven. The European Union’s MiCA framework and US FinCEN pointers are step by step addressing compliance gaps, however many areas lack standardized reporting for digital asset transactions.
