Fireblocks Denies Visa Deal Rumors After $2.5B Buyout Report

Visa reportedly entered late-stage discussions to acquire Fireblocks for approximately $2.5 billion, but the crypto infrastructure company quickly denied the claim. The rumored purchase price represents a nearly 69% discount from Fireblocks’ $8 billion valuation in 2022. The conflicting accounts arrive as major payment networks race to control the technology powering stablecoin transfers, custody, and settlement. Visa reportedly wants to buy Fireblocks for $2.5 billion, nearly $5.5 billion below the crypto company’s peak valuation. But there’s a problem: Fireblocks says the acquisition story isn’t true.

Source: Bitcoin.com News