Fireblocks denies acquisition talks with Visa amid market rumors

A Fireblocks spokesperson stated that acquisition talks with Visa are "news to us, and not true at present time," dismissing reports from Axios that the crypto custody firm was in late-stage talks for $2.5 billion. Fireblocks previously raised $550 million at an $8 billion valuation in 2022, making the rumored $2.5 billion purchase a significant drop in value. Additionally, anonymous sources told CoinDesk that Coinbase Global was also mentioned as a potential buyer.