Key facts
- Fireblocks denied a report of Visa's late-stage takeover talks.
- The reported acquisition price was approximately $2.5 billion.
Fireblocks has denied a report by Axios that Visa is in late-stage talks to acquire the crypto custody firm for approximately $2.5 billion. The company issued a denial following the publication of the report. The reported price would represent a steep discount from Fireblocks’ last publicly disclosed valuation of more than $8 billion, announced in January 2022. A Visa spokesperson stated the company does not comment on “rumors or speculation.”