Fireblocks Denies Reports of Negotiations with Visa for $2.5 Billion Purchase

Fireblocks refuted Axios's report that Visa is in talks to acquire the company for around $2.5 billion. The Axios report cited multiple sources.

“We are aware of the rumors about a potential acquisition of Fireblocks by Visa. This is news to us, and at this point, it is not true,” the company told The Block. A Visa spokesperson declined to comment, saying, “We do not comment on rumors and speculation.”

Fireblocks was last publicly valued at $8 billion in January 2022, when it raised $550 million in a Series E funding round. Founded in 2018, Fireblocks provides institutional custody of cryptocurrencies and digital asset infrastructure. In September 2025, the company launched a stablecoin payment network with over 40 participants, including Circle, Bridge, Zerohash, and Yellow Card.

A deal of this size would be one of the largest in crypto industry history—below Coinbase's acquisition of the derivatives exchange Deribit for $2.9 billion in 2025 and the anticipated Naver Financial deal to acquire Upbit's parent company, Dunamu, for approximately $10.3 billion.

Visa has been expanding its own stablecoin business in recent months. In August, it partnered with Zerohash to support funding and payouts in stablecoins via Visa Direct. The company reported that stablecoin settlement volumes exceeded $20 billion annually—more than 15 times the level a year earlier.

Visa's competitor, Mastercard, completed the acquisition of BVNK in August. The agreement to acquire the stablecoin infrastructure provider was reached in March for up to $1.8 billion, including $300 million in contingent payments.