Fireblocks denies reports of potential $2.5 billion acquisition by Visa

A Fireblocks spokesperson told BeInCrypto that the rumors of Visa being in late-stage talks to acquire the crypto infrastructure company for around $2.5 billion are not true at present time. Fireblocks raised $550 million at an $8 billion valuation in January 2022, meaning the reported $2.5 billion sale price would be almost 70% below that figure. Fireblocks provides software enabling banks, crypto exchanges, and payment companies to securely hold and move digital assets, handling over $300 billion in stablecoin transaction volume monthly on average over the past year. The potential acquisition would give Visa ready-made technology and relationships in the growing stablecoin payment services sector, especially as Visa recently launched its own stablecoin platform and Mastercard acquired BVNK.