Fireblocks denies report of Visa's $2.5 billion acquisition talks

Fireblocks rejects rumors of Visa acquisition

Fireblocks has denied reports that payments giant Visa is in late-stage talks to acquire the company for approximately $2.5 billion. The denial came in response to an article published by Axios, which cited multiple sources claiming the acquisition was underway. Fireblocks stated that the reports of a possible takeover by Visa are not true at this time.

Visa did not confirm or deny the specific details of the negotiations. A spokesperson for Visa told The Block that the company does not comment on rumors or speculation.

Details of the reports and the companies involved

• Axios reported that Visa was in late-stage talks to buy Fireblocks for about $2.5 billion.


• Fireblocks told The Block it was unaware of the rumors and confirmed they were false.


• If such a deal were to happen, it would rank among the largest acquisitions in the crypto industry's history.


• Fireblocks was last valued at $8 billion in 2022, when it raised $550 million in a Series E funding round.


• Visa has recently expanded its own stablecoin business, reporting a stablecoin settlement volume annualized run rate exceeding $20 billion.

Fireblocks response to the news

The statement from Fireblocks was direct. The company said, “We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time.”

Context on Visa's stablecoin expansion

Visa has been increasing its involvement in digital asset infrastructure. In August 2026, the company partnered with Zerohash to support stablecoin funding and payouts through its Visa Direct service. A stablecoin is a type of digital asset designed to maintain a stable value, typically pegged to a currency like the US dollar. Visa also reported that its stablecoin settlement volume had surpassed a $20 billion annualized run rate, which is more than 15 times the level from a year earlier.

Meanwhile, competitor Mastercard completed the acquisition of BVNK, a stablecoin infrastructure provider, in August 2026. The deal was valued at up to $1.8 billion.

Sources

• The Block