Fireblocks denies reports of $2.5 billion acquisition talks with Visa

Fireblocks denied rumors that Visa was in late-stage talks to acquire the institutional crypto custody and stablecoin infrastructure firm for around $2.5 billion. This denial follows an Axios report citing multiple sources that the two sides were close to a deal. If true, it would have been Visa’s first stablecoin sector acquisition and one of the largest in crypto history, though the reported price was a markdown from Fireblocks' $8 billion valuation in January 2022. Fireblocks, founded in 2018, serves major clients like BNY Mellon and Revolut, securing trillions of dollars in transfers across over 150 blockchains, and launched its own stablecoin payments network in September 2025.