Fireblocks Says It Had No Prior Knowledge of Visa Acquisition Rumor

Fireblocks has pushed back against speculation that Visa is moving to buy the crypto custody and stablecoin infrastructure company, saying it had only just heard of the rumor and did not consider it factual at that point.

“We have noticed rumors that Visa may acquire Fireblocks. This is the first we have heard of it, and it is not factual at this point,” a Fireblocks spokesperson said.

The denial pushes back on claims that Visa had entered late-stage negotiations to acquire Fireblocks for about $2.5 billion. The speculation concerns a potential acquisition. The $2.5 billion figure is a possible price, not a confirmed transaction value.

Fireblocks provides stablecoin infrastructure and custody services. Its statement puts the possible talks in doubt, leaving claims of late-stage negotiations at odds with the company’s denial. The spokesperson’s response did not confirm an agreement or transaction.