Visa in talks to acquire Fireblocks for $2.5 billion
V Visa Inc
$414.34 +1.59%
View chart & analysis → - 1Reports indicate that Visa is negotiating to acquire Fireblocks, a cryptocurrency custody and stablecoin infrastructure company.
- 2The $2.5 billion acquisition price for Fireblocks is 69% lower than the company's $8 billion valuation in January 2022.
- 3Fireblocks processes more than $200 billion in monthly stablecoin transaction volume.
So what's the key point?
Visa is in discussions to purchase Fireblocks, a company involved in cryptocurrency. The acquisition is being pursued at $2.5 billion, which is much lower than before.
Source CryptoProwl +1 · View original ↗
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