According to CoinDesk, Fireblocks has denied that it is in active discussions regarding an acquisition by Visa. The company clarified that no definitive agreement or formal offer exists at this time. Axios reported that talks involving a potential $2.5 billion transaction are underway between the two parties.
Fireblocks, a provider of crypto custody solutions, stated it continues to focus on its core business and product development. The denial addresses recent media reports suggesting an acquisition scenario. No details were provided about timelines, terms, or internal decision processes.
