Crypto custody specialist Fireblocks denies it's in talks to be acquired by Visa
“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,” a Fireblocks spokesperson said soon after the Axios story broke.
Fireblocks specializes in crypto custody using advanced pre-key sharding technologies such as multi-party computation (MPC).
A $2.5 billion purchase would be a marked drop in value since 2022, when Fireblocks raised $550 million at an $8 billion valuation.
That said, smoke has been circulating over the past three or four weeks about a potential sale of the business, with anonymous sources telling CoinDesk U.S.-listed Coinbase Global COIN$170.24 was also in the frame to buy Fireblocks.
PulseLedger provides this story for general information only. Content and images are credited to www.coindesk.com; headlines and data are aggregated automatically from public feeds. Nothing here is financial, legal, or tax advice and it is not a recommendation to buy or sell any asset.
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