Fireblocks Denies $2.5B Visa Buyout Report as Stablecoin…
By Tobi Opeyemi Amure
AI summary of the source article
Fireblocks has denied reports claiming Visa is in negotiations to acquire the digital asset custody firm for roughly $2.5 billion. Visa declined to comment on the speculation, citing company policy.
Key facts
- Fireblocks denied an Axios report claiming Visa was in late-stage talks to acquire the company for approximately $2.5 billion.
- The rumored $2.5 billion price is below Fireblocks' $8 billion valuation recorded during its January 2022 Series E round.
- Visa reported in September that its stablecoin settlement volume exceeded a $20 billion annualized run rate.
Source excerpt · FinanceFeeds
Fireblocks has denied reports that Visa is in talks to acquire the cryptocurrency custody and infrastructure provider for approximately $2.5 billion, contradicting an Axios report that cited multiple sources familiar with the matter. “We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” a Fireblocks spokesperson told Coin…