Axios · Circle · Coinbase · The Block
Fireblocks disputes report of $2.5 billion acquisition talks with Visa
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Fireblocks denied an Axios report on Thursday that Visa is in late-stage talks to acquire the crypto custody and stablecoin infrastructure firm for around $2.5 billion.
Key facts
- Fireblocks was last publicly valued at $8 billion in January 2022, when it raised $550 million in a Series E funding round
- Such a transaction size would rank among the largest acquisitions in crypto industry history, below Coinbase's $2.9 billion purchase of derivatives exchange Deribit in 2025 and Naver Financial's
- It launched a stablecoin payments network in September 2025, with more than 40 participants, including Circle, Bridge, Zerohash, and Yellow Card
- The company subsequently reported that its stablecoin settlement volume had surpassed a $20 billion annualized run rate, more than 15 times the level a year earlier
Summary
"The team are aware of the rumors about a possible acquisition of Fireblocks by Visa. Fireblocks was last publicly valued at $8 billion in January 2022, when it raised $550 million in a Series E funding round. Such a transaction size would rank among the largest acquisitions in crypto industry history, below Coinbase's $2.9 billion purchase of derivatives exchange Deribit in 2025 and Naver Financial's pending all-stock deal to acquire Upbit parent Dunamu for around $10.3 billion. Visa has been expanding its own stablecoin business in recent months.