Fireblocks Denies Visa Acquisition Talks Amidst Contradictory Reports
Fireblocks, a provider of crypto custody solutions and infrastructure, has denied claims suggesting that payment giant Visa is engaged in advanced negotiations to buy the company for around $2.5 billion.
The company publicly dismissed these acquisition rumors, labeling them as untrue and surprising, according to a representative’s statement to Cointelegraph on Thursday.
Earlier, Axios reported citing multiple sources that Visa was involved in late-stage talks to purchase Fireblocks for roughly $2.5 billion.
This reported acquisition price marks a substantial drop from Fireblocks' last known valuation of over $8 billion, which was announced after the company raised $550 million in a Series E funding round in January 2022. Additionally, data from Traxcn confirms the $8 billion valuation as of December 11, 2025.
When contacted by Cointelegraph, a Visa spokesperson declined to comment on the matter, emphasizing their policy of not addressing "rumors or speculation.".
Why this matters: The report highlights the discrepancy between the claimed acquisition price and Fireblocks’ previous valuations, emphasizing the ongoing uncertainty about merger discussions between major players in the crypto infrastructure and payment sectors.
Why it matters
This situation underscores the significance of accurate market valuations and the impact of acquisition rumors on the crypto custody and payments industries.
Prepared from the source material with AI-assisted editing and checked against the supplied facts.
Open original source ↗