Visa-Fireblocks Acquisition: Reports vs. Denials
Reports emerged that Visa was acquiring crypto infrastructure firm Fireblocks in a ~$2.5B deal, but Fireblocks immediately denied it as 'news to us, and not true at present time,' with Coinbase also denying involvement.
What we know
An account on X posted the initial 'JUST IN: Visa to acquire crypto infrastructure firm Fireblocks' report which generated 883 likes and 66K+ views. However, @CoinDesk quickly reported that Fireblocks formally denied the reports, calling them 'news to us, and not true at present time,' while Coinbase similarly denied being part of any potential transaction. The $2.5B figure cited in reports remains unconfirmed.
How the story developed
Reports emerged that Visa was acquiring crypto infrastructure firm Fireblocks in a ~$2.5B deal, but Fireblocks immediately denied it as 'news to us, and not true at present time,' with Coinbase also denying involvement.
Axios reported Visa was in late-stage acquisition talks with crypto custody firm Fireblocks for ~$2.5B; Fireblocks promptly denied the report saying it is 'not true at present time.'
Visa is in late-stage talks to acquire crypto custody and stablecoin infrastructure firm Fireblocks for around $2.5 billion, marking one of the largest TradFi-crypto acquisitions. Multiple sources confirm the deal, and crypto commentators are calling it a potential cycle bottom signal.
Sources
“Fireblocks denies it is in talks to be acquired by Visa, calling reports of a $2.5B deal 'news to us, and not true at present time'”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.