Overview

• On October 6, CEO Kaz Nejatian said on X that Opendoor "will" support Bitcoin and other cryptocurrencies for home purchases, noting it must be prioritized.
• The post prompted a brief surge in trading, with OPEN volume rising and the share price up about 4% intraday to roughly $8.60.
• Opendoor has not provided a rollout plan, timeline, or specific process details for crypto payments.
• Industry analysis indicates Opendoor could take buyer crypto and convert it to U.S. dollars internally so transactions proceed through existing escrow and settlement.
• Any implementation would need frameworks for tax reporting, title and escrow handling, and regulatory compliance, as shown by recent real-estate crypto pilots and policy signals like FHFA guidance on counting exchange-held crypto as borrower assets.