Fireblocks denies report of $2.5 billion Visa acquisition talks

Fireblocks says it is not being bought by Visa. At least, not right now. On October 22, 2026, Axios reported that Visa was in late-stage talks to acquire the digital asset infrastructure company at a valuation of approximately $2.5 billion. Fireblocks pushed back the same day. Its response was short, pointed, and carefully worded. “This is news to us, and not true at present time.” Visa declined to comment on the speculation. What was reported, and what was denied According to the Axios report, the payments giant was in advanced discussions to buy Fireblocks outright. The company provides custody and stablecoin infrastructure for institutional clients. If it happened, the deal would reportedly be Visa’s first major move into the stablecoin sector through an acquisition. The valuation gap nobody can ignore The reported price tag is where things get uncomfortable. Fireblocks raised $550 million in its Series E round in January 2022, at a valuation of $8 billion. A sale at approximately $2.5 billion would represent a steep markdown from that peak. Put simply, the company would be changing hands for well under a third of what investors paid to get in during the last crypto boom. Firebl...