Fireblocks Denies $2.5B Visa Acquisition Talks
Fireblocks called reports of a $2.5B Visa buyout untrue. Visa declined to comment on the alleged negotiations.
Fireblocks, the digital asset infrastructure company, has pushed back on reports that Visa is in acquisition talks to purchase the firm for approximately $2.5 billion, telling Cointelegraph the accounts are "not true at present time."
Visa, the global payments giant, declined to issue any comment on the reported negotiations, leaving the door open to speculation despite Fireblocks' denial. The payments network's silence stands in contrast to the firm's direct rebuttal of the story.
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The reported deal, if it had materialized, would have represented one of the more significant moves by a legacy financial institution into the digital asset infrastructure space. Fireblocks provides custody, transfer, and settlement technology widely used by financial institutions handling crypto assets.
The episode underscores the ongoing market interest in blockchain infrastructure companies and the premium valuations they command, even as the broader crypto sector navigates regulatory and market uncertainty. Acquisition rumors involving established payment networks and crypto-native firms have grown more frequent as institutions deepen their digital asset strategies.
Continue reading at Cointelegraph.
