Circle · Axios · New York · Bitcoin Magazine
Fireblocks Pushes back on Report of $2.5 Billion Visa Takeover Talks
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Fireblocks has denied an Axios report that Visa is in late-stage talks to acquire the crypto custody firm for about $2.5 billion.
Key facts
- The reported price would have been a steep markdown from the $8 billion valuation Fireblocks commanded in January 2022, when it raised $550 million in a Series E round at the peak of the venture cycle
- Visa partnered with Zerohash in August to add stablecoin funding and payouts to Visa Direct, and in September said its stablecoin settlement volume had passed a $20 billion annualized run rate, more
- Both card networks joined a coalition of more than 140 companies behind Open USD, a dollar stablecoin designed to spread the economics of a $300 billion market beyond Tether and Circle
- Fireblocks launched its own stablecoin payments network in September 2025 with over 40 participants, including Circle, Bridge, Zerohash and Yellow Card, and this year rolled out acceptance tools
Summary
“The team are aware of the rumors about a possible acquisition of Fireblocks by Visa. The denial came hours after Axios reported, citing multiple sources, that the two sides were close to a deal. The reported price would have been a steep markdown from the $8 billion valuation Fireblocks commanded in January 2022, when it raised $550 million in a Series E round at the peak of the venture cycle.