Opendoor Technologies Inc. (NASDAQ:OPEN) saw a 14.43% increase in its stock price on Monday, closing at $9.28 per share. The surge came after the company hinted at accepting cryptocurrency payments for home sales, marking a new venture into digital assets.

CEO Kaz Nejatian of Opendoor Technologies Inc. (NASDAQ:OPEN) responded positively to a social media user’s suggestion of using cryptocurrencies for real estate transactions on the platform. Nejatian mentioned that they will prioritize this feature but did not provide a specific timeline or which cryptocurrencies will be accepted.

Opendoor Technologies Inc. (NASDAQ:OPEN) chairman Keith Rabois announced plans to reduce the company’s workforce by 85%, potentially affecting around 1,190 employees. This move is part of the company’s strategic initiatives to streamline operations and improve efficiency.

Despite the recent success of Opendoor (OPEN) stock, some believe that other AI stocks offer greater potential for returns with less downside risk. Investors looking for opportunities in the AI sector may find more promising options beyond Opendoor.

Read more at Yahoo Finance: Opendoor (OPEN) Soars 14% as Firm Sets Sights on Crypto