Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks
By Micah Zimmerman
AI summary of the source article
Fireblocks has denied reports that Visa is in late-stage talks to acquire the crypto custody and stablecoin infrastructure firm for approximately $2.5 billion. The company stated the acquisition rumors are not true.
Why it matters
A completed deal "would have been Visa’s first acquisition in the stablecoin sector and one of the largest in crypto’s history."
Key facts
- Fireblocks denied an Axios report claiming Visa was in talks to acquire it for around $2.5 billion.
- The rumored $2.5 billion price is a markdown from the $8 billion valuation Fireblocks achieved in its January 2022 Series E round.
- Fireblocks provides digital asset custody and infrastructure for institutional clients including BNY Mellon, Worldpay, and Revolut.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks Fireblocks has denied an Axios report that Visa is in late-stage talks to acquire the crypto custody firm for about $2.5 billion. This post Fireblocks Denies Report of $2.5 Billion Visa Takeover Talks first appeared on Bitcoin Magazine and is written by Micah Zimmerman .