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Fireblocks Denies Reports of US$2.5 Billion Acquisition Talks With Visa

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Fireblocks Denies Reports of US$2.5 Billion Acquisition Talks With Visa

Fireblocks has denied reports that Visa is in late-stage discussions to acquire the company for approximately US$2.5 billion.

According to Axios, which cited multiple unnamed sources, the two companies were in advanced talks over a potential acquisition.

“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,”

The reported US$2.5 billion acquisition price would represent a significant decline from Fireblocks’ previous valuation.

In January 2022, the company raised US$550 million in a funding round that valued it at US$8 billion.

Speculation about a potential sale had circulated for three to four weeks before the Axios report, according to CoinDesk.

Unnamed sources also identified US-listed cryptocurrency exchange Coinbase Global as another possible buyer.

However, Coinbase subsequently denied any involvement in a potential transaction after CoinDesk published its report.

Featured image credit: Edited by Fintech News Singapore, based on image by Fireblocks



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