Fireblocks denies $2.5B Visa acquisition talks

Crypto custody firm Fireblocks dismissed an Axios report that it was in late-stage talks to be acquired by Visa for $2.5 billion, with a spokesperson calling the report “news to us, and not true at present time.” Coinbase — floated by anonymous sources as a potential buyer — also denied involvement in any potential transaction.

• Axios, citing unnamed sources, said the talks were advanced; Visa did not respond to requests for comment.
• A $2.5 billion price would mark a sharp drop from Fireblocks' $8 billion valuation in 2022, when it raised $550 million.
• The denials leave the custody specialist, known for MPC-based key-sharding technology, independent for now.