Crypto custody firm Fireblocks dismissed reports, which Axios attributed to multiple unidentified sources, that it is in late-stage talks to be acquired by Visa for $2.5 billion. A Fireblocks spokesperson said the talks were “news to us, and not true at present time.” The article notes that $2.5 billion would be a sharp drop from the $8 billion valuation when Fireblocks raised $550 million in 2022. Speculation about a sale had circulated for three or four weeks, and Coinbase was also reportedly considered a potential buyer. Visa and Coinbase did not respond to requests for comment.
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Fireblocks told Cointelegraph that reports of a possible $2.5 billion acquisition by Visa are 'not true at present time,' calling it news to the company. Axios had reported, citing multiple sources, that Visa was in advanced talks to buy the crypto custody provider for about $2.5 billion, a steep discount from the more than $8 billion valuation disclosed after a $550 million Series E round in January 2022 and listed by Traxcn as of Dec. 11, 2025. Visa declined to comment on the reported talks, saying it does not comment on rumors or speculation.
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