Fireblocks Denies Report of $2.5 Billion Visa Acquisition Talks

By Kevin · 2026-10-23 · News

Oct. 23 (CandyPulse) — A blockbuster crypto deal was reported, then quickly shot down. Fireblocks, the crypto custody and infrastructure firm, has denied a report that Visa was in late-stage talks to buy it for about $2.5 billion.

Key takeaways

Axios reported on Oct. 22, citing multiple sources, that Visa was in late-stage talks to acquire Fireblocks
Fireblocks said: "This is news to us, and not true at present time."
Visa said it doesn't comment on rumors or speculation
The reported price is well below Fireblocks' $8 billion valuation from 2022
No deal has been announced or confirmed

What we know

Question	Answer
What was reported?	Visa in late-stage talks to buy Fireblocks for ~$2.5B (Axios)
Fireblocks' response	"This is news to us, and not true at present time"
Visa's response	No comment on rumors or speculation
Fireblocks' last valuation	$8B in 2022, after a $550M Series E
Deal status	None announced

Reading the denial

Some observers noticed the careful wording: "at present time." It rules out a deal today, but doesn't rule one out in the future. For now, the only confirmed fact is that there's no agreement.

Why it matters

Payment giants are racing to own crypto infrastructure. Visa rival Mastercard completed its purchase of stablecoin firm BVNK in August, a deal worth up to $1.8 billion. Visa itself recently partnered with Mesh to let crypto wallets pay at 175 million merchants. Custody is also in focus, from Deutsche Bank's Bitcoin and Ether custody launch to the SEC's custody proposal.

What's next

Treat this as unconfirmed unless either company announces a deal. We'll update if anything changes. Follow more on crypto news today.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.