$2.5 billion is the price Axios put on a deal for Visa to buy Fireblocks, reporting on 22 October that talks were at a late stage. Fireblocks said the same day that the report was news to it and not true at present time.
Axios cited multiple unnamed sources and gave no further detail. Visa declined to comment on rumours or speculation, The Block reports.
The number is the story. Fireblocks raised $550 million at an $8 billion valuation in January 2022, so $2.5 billion would be less than a third of that. The Block notes it would still rank among the largest crypto deals, behind Coinbase’s $2.9 billion purchase of Deribit and Naver Financial’s pending deal for Dunamu.
Fireblocks, founded in 2018, provides custody and digital asset infrastructure to institutions. It launched a stablecoin payments network in September 2025 with more than 40 participants, including Circle, Bridge, Zerohash and Yellow Card.
The fit is easy to see. Visa’s stablecoin settlement volume has passed a $20 billion annualised run rate, and its rival Mastercard completed its purchase of BVNK in August.
A spokesperson also said the company was aware of rumours about a possible Visa deal, which is a narrower statement than saying none has ever been discussed.
Neither side has shown a document. A denial limited to the present says nothing about last week, and a report built on unnamed sources says nothing about what was signed. Until one of them moves, the $2.5 billion is a number nobody has agreed to.
