Particle.news
Download on the App Store
5 ARTICLES
·
2h ago

Opendoor Says It Will Enable Bitcoin Home Purchases, Stock Jumps After CEO’s Pledge

The iBuyer expects to convert crypto to dollars in-house, leaving timing unresolved due to regulatory and settlement obligations.

Real Estate
Bitcoin for real estate: opendoor eyes crypto home buying as btc hits record high

Overview

  • CEO Kaz Nejatian replied on X, “We will. Just need to prioritize it,” confirming Bitcoin support is on the roadmap but without a launch date.
  • OPEN rose about 14% to roughly $9.28 on Oct. 6 after the remark, extending a sharp 2025 rally fueled by retail trading.
  • Opendoor’s direct-buy and resell model would let buyers pay in crypto while the company converts funds to U.S. dollars for settlement.
  • Any rollout would require solutions for tax reporting, anti–money-laundering and KYC compliance, and title and escrow workflows, according to coverage.
  • The signal comes as real estate tests crypto channels, including Christie’s new crypto division, ByteFederal’s Florida pilot, and FHFA guidance counting regulated-exchange crypto as borrower assets.