Fireblocks Denies Visa Deal Rumors After $2.5B Buyout Report
AI summary
Visa reportedly entered late-stage talks to acquire crypto infrastructure firm Fireblocks for about $2.5 billion, a figure roughly 69% below Fireblocks' $8 billion valuation from 2022. Fireblocks quickly denied the report, leaving conflicting accounts. Traders care because a deal would signal major payment networks moving deeper into stablecoin transfer infrastructure, while the steep discount hints at valuation pressure on crypto infrastructure firms.
Narrative history
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1H AGOYou’re reading thisFireblocks Denies Visa Deal Rumors After $2.5B Buyout ReportBitcoin.com News · Score 55
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4H AGOBeInCrypto · Score 55 · via Fireblocks, buyout
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4H AGOBitcoin Magazine · Score 55 · via Fireblocks, $2.5B
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4H AGOCointelegraph · Score 45 · via Fireblocks, $2.5B
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4H AGOCoinDesk · Score 45 · via Fireblocks, Fireblocks denies
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5H AGOThe Defiant · Score 78 · via $2.5B, Fireblocks
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5H AGOCrypto Briefing · Score 45 · via Fireblocks, Fireblocks denies
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6H AGOThe Block · Score 75 · via Fireblocks, $2.5B
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7H AGOCrypto Briefing · Score 75 · via Fireblocks, $2.5B
