Mentioned:
There’s a new investor in Opendoor: Mike Alfred.
What’s happening:
- Entrepreneur and investor Mike Alfred has publicly stated he has purchased a new equity stake in Opendoor (NASDAQ: OPEN)
Why it matters:
- Opendoor has been experiencing a massive boom in retail investor attention lately, which has largely been fuelled by fund manager Eric Jackson and investor Anthony Pompliano taking positions in the company
Going deeper:
- Mike Alfred is on the board of directions of IREN (NASDAQ: IREN) and has been an early backer of multiple publicly traded companies in the Bitcoin mining and high performance computing space including Cipher Mining (NASDAQ: CIFR) and CleanSpark (NASDAQ: CLSK)
- Opendoor also previously made waves on Wall Street when legendary venture capitalist Keith Rabois and Opendoor co-founder Eric Wu rejoined the company alongside of a strategic investment of $40M USD from Khosla Ventures
