Real Estate Giant Opendoor to Accept Bitcoin and Crypto for Home Buying, CEO Confirms

Core Insights - Opendoor Technologies will accept Bitcoin and other cryptocurrencies for home purchases, aiming to attract crypto-wealthy buyers [1][3] - The company's stock price increased from $8.11 to $8.38 following the CEO's announcement [1] - Opendoor operates in 44 U.S. markets with a market cap of $6.22 billion and reported $1.57 billion in revenue for Q2 2025 [2] Company Operations - Opendoor's business model includes making instant cash offers on homes, renovating properties, and relisting them, which could benefit from the efficiency of blockchain transactions [4] - The company employs approximately 1,470 people and offers mobile application-based home-buying services and financing options [5] - Opendoor reduced its operating expenses by 34.33% year-over-year to $132 million and improved its net loss to $29 million in Q2 2025 [5] Financial Performance - The company's earnings per share improved by 72.48% to -$0.01, while EBITDA increased by 113.33% to $8 million [5] - The timing of Opendoor's crypto payment adoption coincides with Bitcoin's rally to $125,000, creating opportunities for affluent investors [3] Industry Trends - The integration of cryptocurrency payment options is becoming a trend in the real estate sector, with other companies like RAK Properties in the UAE also adopting similar strategies [6] - The UAE initiative aims to attract younger, digitally native investors and aligns with the region's Vision 2030 strategy for economic diversification [7]