Visa Reportedly in Talks to Acquire Fireblocks for $2.5 Billion
Axios said the deal would add stablecoin infrastructure to Visa’s payments business as Fireblocks denied the report and noted stablecoins made up 69% of its transaction volume.
- According to an October 22 Axios report, Visa is in late-stage negotiations to acquire Fireblocks, a cryptocurrency custody and stablecoin infrastructure provider, for approximately $2.5 billion.
- The proposed $2.5 billion purchase represents a marked decrease from 2022, when Fireblocks raised $550 million at an $8 billion valuation during a cryptocurrency investment boom.
- Fireblocks operates using multi-party computation technology, with stablecoins accounting for 69% of digital asset transaction volume on its platform during the second quarter of 2026.
- A Fireblocks spokesperson denied the acquisition report soon after it broke Thursday, stating, "This is news to us, and not true at present time."
- Separately, Visa has expanded its own stablecoin capabilities, recently partnering with Mesh to support cryptocurrency spending at more than 175 million merchant locations.
21 Articles
21 Articles
Fireblocks disputes report of $2.5B Visa acquisition talks
Fireblocks told Cointelegraph that reports of a potential $2.5 billion acquisition by Visa are “not true at present time,” while Visa declined to comment on the reported talks. Crypto custody and infrastructure provider Fireblocks is disputing a report that payments giant Visa is in late-stage talks to acquire the company for about $2.5 billion. “We […]
Fireblocks Denies Axios Report Claiming Visa Is Exploring $2.5 Billion Acquisition Talks
TL;DR Fireblocks denied being in advanced talks with Visa over a potential acquisition valued at approximately $2.5 billion. Axios reported that the two companies were in discussions, but Fireblocks said the information was not true at present. The crypto infrastructure company reached an $8 billion valuation in 2022 after raising $550 million in a funding ...
Visa Eyes $2.5 Billion Fireblocks Deal to Expand Crypto Business
Visa reportedly nears a $2.5 billion Fireblocks acquisition, expanding its crypto custody services and stablecoin payment infrastructure worldwide. Visa is reportedly in the final stages of talks to acquire cryptocurrency infrastructure firm Fireblocks for around $2.5 billion. The agreement may...
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