A Fireblocks spokesperson said the acquisition talks were “news to us, and not true at present time.” – Fireblocks previously raised $550 million at an $8 billion valuation back in 2022.
Cryptocurrency custody firm Fireblocks dismissed reports it is in talks with Visa (V) to be acquired for $2.5 billion
Axios, citing multiple unidentified sources, said the company was in late-stage talks with Visa. “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 said soon after the Axios story broke. Fireblocks specializes in crypto custody using advanced pre-key sharding technologies such as multi-party computation (MPC).
A $2.5 billion purchase would be a marked drop in value since 2022, when Fireblocks raised $550 million at an $8 billion valuation. That said, smoke has been circulating over the past three or four weeks about a potential sale of the business, with anonymous sources telling CoinDesk U.S.-listed Coinbase Global Visa did not respond to requests for comment by press time. Coinbase had similarly not replied. – 1 – 2 – 3 – 4 – 5 – 6 – 7 – 8 – 9 – 10 Why it matters