Opendoor, the popular real estate tech platform, could soon allow users to buy homes using cryptocurrency. CEO Kaz Nejatian recently hinted at this major shift in a reply on social media platform X (formerly Twitter), sparking buzz among crypto enthusiasts and retail investors alike.
When a user asked whether Opendoor would ever let people purchase homes with Bitcoin or other cryptocurrencies, Nejatian responded: “We will. Just need to prioritize it.” This short but impactful message suggests the feature may be in the pipeline, potentially making Opendoor one of the first major real estate platforms to embrace digital currencies for property transactions.
Opendoor Stock Surges Over 1,300% Amid Leadership Changes
The crypto tease comes as Opendoor rides a wave of renewed investor interest. Since July, the company’s stock has skyrocketed over 1,300%, trading above $10.52 by September. This rally follows a series of major leadership changes, including the appointment of Kaz Nejatian as CEO and the return of co-founders Keith Rabois and Eric Wu to key roles.
The excitement around potential crypto integration has only added fuel to the fire, with many investors treating Opendoor like a rising “meme stock” in the real estate space. With leadership now embracing bold, forward-looking ideas, the company is positioning itself as a disruptor once again.
Opendoor Joins a Growing List of Crypto-Friendly Companies
If Opendoor follows through with crypto payments, it would join a growing list of companies experimenting with digital currencies. Tech firms like MicroStrategy have already made headlines for large-scale Bitcoin investments, and Tesla famously accepted Bitcoin for a brief period.
With Bitcoin prices surging and optimism growing around pro-crypto policies, the timing seems right for real estate to embrace blockchain-based payments. Opendoor’s move could help push the entire housing industry toward faster, more decentralized financial systems.
For now, no official timeline has been shared, but Nejatian’s comment makes it clear that crypto is on the company’s radar. If and when Opendoor flips the switch, it could mark a major milestone in the merging of real estate and digital finance.
