Fireblocks denies Visa acquisition talks

Fireblocks has publicly disputed reports suggesting it is in late-stage talks to be acquired by Visa. The crypto custody firm stated that rumors of a possible acquisition by the payments company are not true at the present time.

The denial follows a report by Axios, which claimed that Visa was in advanced discussions to acquire Fireblocks for approximately $2.5 billion. This reported figure represents a steep discount from Fireblocks' last publicly disclosed valuation of more than $8 billion.

A Visa spokesperson told Cointelegraph that the company does not comment on rumors or speculation. Fireblocks maintains that the reports regarding the acquisition are incorrect.