Fireblocks denies reported $2.5 billion acquisition talks with Visa
Crypto custody firm Fireblocks has dismissed reports claiming payments network Visa is in late-stage talks to acquire the company for around $2.5 billion.
Axios Pro reported that payments giant Visa was in late-stage negotiations to acquire crypto custody and stablecoin infrastructure firm Fireblocks for approximately $2.5 billion. The deal would have marked Visa's first acquisition in the stablecoin sector as traditional financial institutions expand their footprint in digital asset custody and payment rails.[1][4][7][9]
Fireblocks swiftly pushed back against the report. The company told The Block and Cointelegraph that the claims were "news to us, and not true at present time." Visa declined to comment on the acquisition rumors and speculation.[2][5][6][8][9]
Anonymous sources told CoinDesk that Coinbase had also been viewed as a prospective buyer, noting that sale discussions surrounding Fireblocks had circulated over the preceding three to four weeks. Coinbase also denied any involvement in a potential transaction.[3][9]
A sale at the reported $2.5 billion price tag would represent less than a third of Fireblocks' previous public valuation. The custody provider raised $550 million in a Series E financing round in January 2022 that valued the business at $8 billion.[9]
Key facts
- Axios reported that Visa was in late-stage negotiations to acquire crypto custody firm Fireblocks for around $2.5 billion.
- Fireblocks denied the acquisition report, stating that the claims are "news to us, and not true at present time."
- Visa declined to comment on the reported acquisition talks.
- CoinDesk reported that Coinbase had also been considered as a possible buyer, but Coinbase denied involvement in a transaction.
- Fireblocks previously raised $550 million at an $8 billion valuation in a January 2022 Series E round.
Sources · 9 sources
- AX
Axios@axiosPost on X ·
Scoop: Visa in talks to acquire Fireblocks for around $2.5B via @AxiosPro https://t.co/iY5WSMdHUf
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Fireblocks DENIES reports that Visa is in late-stage talks to acquire the crypto custody firm for $2.5 BILLION. Fireblocks says the claims are "not true at present time," while Visa declined to comment, per The Block.
Open source - CO
CoinDesk@CoinDeskPost on X ·
NEW: @FireblocksHQ denies it is in talks to be acquired by @Visa, calling reports of a $2.5B deal “news to us, and not true at present time,” while @Coinbase also denies involvement in a potential transaction. https://t.co/hnm9x0rcw4
Open source - TE
TechmemeArticle ·
Sources: Visa is in late-stage talks to buy stablecoin custody and infrastructure provider Fireblocks for ~$2.5B, its first acquisition in the stablecoin sector (Lucinda Shen/Axios) Lucinda Shen / Axios : Sources: Visa is in late-stage talks to buy stablecoin custody and infrastructure provider Fireblocks for ~$2.5B, its first acquisition in the stablecoin sector — Visa is in late stage talks to acquire stablecoin infrastructure and custody company Fireblocks for about $2.5 billion, Axios Pro has learned from multiple sources.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🚨 JUST IN: Fireblocks disputes Axios’ report of $2.5B Visa acquisition talks. “This is news to us, and not true at present time,” the company told Cointelegraph. Visa declined to comment on rumors or speculation. https://t.co/ju0Fqvp2OK
Open source - TB
The BlockArticle ·
Fireblocks denies report of $2.5 billion acquisition talks with Visa Fireblocks denied an Axios report that Visa is in talks to acquire the crypto custody firm for around $2.5 billion.
Open source - TB
The Block@TheBlockCoPost on X ·
NEW: Visa is in late-stage talks to acquire crypto custody and stablecoin infrastructure firm Fireblocks for around $2.5 billion, according to Axios. The potential deal comes as traditional financial institutions expand their involvement in stablecoin infrastructure. https://t.co/qDXmi5ZcpW
Open source - CT
Coin TelegraphArticle ·
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.
Open source - UN
UnchainedArticle ·
Fireblocks Calls $2.5 Billion Visa Takeover Rumor ‘Not True’ Fireblocks , the crypto custody and stablecoin infrastructure company, pushed back on Thursday against a report that Visa is close to acquiring it for about $2.5 billion . Axios Pro, citing several unnamed sources, said on Oct. 22 that the card network was in late-stage talks to buy Fireblocks. “We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” Fireblocks told The Block . Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . Coinbase Also Named Visa was not the only company tied to a possible deal. Anonymous sources told CoinDesk that Coinbase had also been considered as a buyer, as talk of a Fireblocks sale circulated over the past three to four weeks. Coinbase reportedly denied any involvement after CoinDesk’s story ran. Coinbase has explored a large stablecoin infrastructure purchase before. It and BVNK called off talks on a roughly $2 billion acquisition in November 2025. Card Networks and Stablecoins Visa has been growing its stablecoin business. In August, it began working with Zerohash so that Visa Direct could support stablecoin funding and payouts, and it later said stablecoin settlement was running at an annualized pace above $20 billion , up more than 15-fold in a year. Mastercard in August closed its purchase of BVNK , the stablecoin infrastructure provider Coinbase had been interested in. It had agreed in March to pay up to $1.8 billion for the company, including $300 million in contingent payments. Below the 2022 Valuation Founded in 2018, Fireblocks serves institutions holding digital assets and secures keys with multi-party computation (MPC). In September 2025 it launched a stablecoin payments network with more than 40 participants, among them Circle, Bridge, Zerohash and Yellow Card. A sale at the reported price would value Fireblocks at less than a third of its last public valuation. The company raised $550 million in a Series E round in January 2022 at an $8 billion valuation . Related Listen: Can Blockchains Solve the Fraud Problem Cards Can’t? The post Fireblocks Calls $2.5 Billion Visa Takeover Rumor ‘Not True’ appeared first on Unchained .
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