Fireblocks denies report of $2.5 billion Visa acquisition talks
Image: Bitcoin MagazineFireblocks denied an Axios report that Visa was in late-stage talks to acquire it for about $2.5 billion. The company said the report was "news to us, and not true at present time." Axios cited multiple sources saying the two sides were close to a deal. Fireblocks raised $550 million in January 2022 at an $8 billion valuation. A sale at about $2.5 billion would be a steep markdown. It would have been Visa's first acquisition in the stablecoin sector.
Key points
- Fireblocks denied an Axios report that Visa was in late-stage talks to acquire it for about $2.5 billion.
- Fireblocks said the report was "news to us, and not true at present time."
- Axios cited multiple sources saying the two sides were close to a deal.
- A sale at about $2.5 billion would be a steep markdown from that valuation.
Why it matters
Fireblocks provides institutional crypto custody and stablecoin infrastructure. It denied a reported Visa acquisition that would have been Visa's first in the stablecoin sector, and no ownership change was confirmed.
What's unclear
A report said the two sides were close to a deal, while Fireblocks said the report was not true at present time.
The reports do not state whether any talks are ongoing after Fireblocks' denial.
Sources · 2 publishers
Bitcoin Magazine
Tier 1
Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks
Coverage timeline
- First reported by Crypto Briefing
- Also reported by Bitcoin Magazine
- CryptoVideos brief published
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