Fireblocks Denies $2.5 Billion Visa Buyout Claims

Earlier today, Axios reported that Visa is in late-stage talks to acquire crypto infrastructure company Fireblocks for around $2.5 billion. Fireblocks has rejected the claim. “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,” a Fireblocks spokesperson told BeInCrypto. The reported price also raises questions. Fireblocks raised $550 million at an $8 billion valuation in January 2022. A $2.5 billion sale would be almost 70% below that figure, although private fundraising valuations and acquisition prices are not directly comparable. What Would Visa Gain From Fireblocks? Fireblocks makes software that lets banks, crypto exchanges , and payment companies securely hold and move digital assets.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.