TLDR
- Opendoor CEO Kaz Nejatian confirmed on X that the company plans to let users buy homes with Bitcoin, saying “We will. Just need to prioritize it.”
- The stock has surged over 1,300% since early July and is up 407% year-to-date as of October 6, 2025.
- Opendoor recently appointed Kaz Nejatian as CEO and brought back co-founders Keith Rabois as board chair and Eric Wu as director.
- The company’s stock rally mirrors the meme stock phenomenon, driven by retail investor interest and social media activity.
- Bitcoin hit a new record high on Sunday, boosting interest in crypto-related business opportunities across multiple companies.
Opendoor CEO Kaz Nejatian made waves on X over the weekend when he confirmed the company plans to let users buy homes with Bitcoin. A user had asked about enabling home purchases “using bitcoin or some other cryptos” on the platform.
BIG NEWS🚨: @CanadaKaz confirms, $OPEN to support home purchases using $BTC & Crypto.
Innovation never sleeps — You’ll wish you bought more at these levels 👊🏼 pic.twitter.com/blsu0VYbve
— Nugget (@Nugget_Trades) October 6, 2025
Nejatian’s response was direct. “We will. Just need to prioritize it,” he wrote.
The comment suggests the feature isn’t coming immediately. But it confirms that Opendoor is seriously considering a cryptocurrency play.
The company did not respond to requests for additional details about the timeline or implementation. For now, investors are left to speculate about when this feature might actually roll out.
The announcement comes as Bitcoin hit another record high on Sunday. The cryptocurrency’s recent surge has renewed business interest in accepting digital currencies as payment.
Opendoor joins a growing list of companies exploring cryptocurrency integration. MicroStrategy made headlines in 2020 when it shifted to holding Bitcoin as a treasury asset. Several other companies have followed that lead, especially this year.
The optimism around the Trump administration’s crypto-friendly stance has fueled this trend. More businesses are looking at ways to incorporate digital currencies into their operations.
Leadership Shakeup Drives Retail Interest
Opendoor has been riding a massive rally for months now. The stock has climbed over 1,300% since early July.
Shares peaked at over $10.52 on September 11. Year-to-date, the stock is up 407% as of October 6.
Much of this movement stems from a leadership overhaul. Opendoor tapped Nejatian, previously COO at Shopify, as its new CEO last month. The company also appointed co-founders Keith Rabois as board chair and Eric Wu as director.
Both Nejatian and Rabois have been active on X recently. They’ve posted updates about company plans and engaged in discussions about Opendoor’s future.
This social media presence has helped fuel retail investor interest. The stock has become a favorite among the meme stock crowd.
The iBuyer Model Faces Market Headwinds
Opendoor operates as an iBuyer. The company buys homes, fixes them up, and resells them at higher prices.
This business model requires heavy capital. High interest rates have made it challenging to execute profitably.
Those same rates have hammered the residential real estate market. Rising prices and borrowing costs have put homeownership out of reach for many Americans.
Most of Opendoor’s competitors in the iBuyer space have pulled back. The company is one of the few still operating in this model.
Management has worked to cut costs and improve profitability. Net loss dropped to $29 million in the second quarter, down from $92 million the year before.
The company has also explored new partnerships. It recently piloted a program where agents use Opendoor’s platform to find customers. The company gets a cut of the sale.
Results have been positive so far. Twice as many customers reach a final cash offer, and they get it much faster. Opendoor is now launching this program in all its markets.
Existing home sales increased 1.8% year-over-year in August, according to the National Association of Realtors. The median price was up 2% over the same period.
The stock’s volatility remains tied to investor sentiment rather than concrete operational improvements. Nejatian’s Bitcoin comments represent the latest catalyst driving retail interest in the company.
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