Visa in Talks to Buy Crypto Infrastructure Firm Fireblocks for ~$2.5B
V sits 39% above its 52-week low of $293.89.
Summary
Visa is negotiating to buy crypto custody and infrastructure provider Fireblocks for roughly $2.5 billion, per Axios. The price is modest next to Visa's size but marks a real push into digital-asset settlement rails, following the $2.4 billion BioCatch fraud-prevention deal announced in August and stablecoin settlement volume that has crossed a $20 billion annualized run rate. Talks are not a signed deal — no terms, financing or closing timeline were disclosed, so the risk of a leak-driven price move or a broken process is live.
At the time of this announcement, V was trading at $408.51 on NYSE in the Finance sector, with a market capitalization of approximately $761.5B. The 52-week trading range was $293.89 to $409.53. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.