Chainfir Capital says Visa reportedly bid $2.5 billion for Fireblocks, signaling reset in crypto valuations
V•Chainfir Capital said Visa’s reportedly $2.5 billion bid for Fireblocks signals a repricing of private crypto infrastructure valuations. The reported price implies a 69% markdown from Fireblocks’ $8 billion valuation in its January 2022 funding round.
1. Valuation reassessment
Chainfir Capital said the reported bid signals a reset in private crypto infrastructure valuations. Fireblocks denied the report on October 22, while Visa declined to comment.
2. Deal pricing factors
The reported $2.5 billion price would be 69% below Fireblocks’ $8 billion valuation in its $550 million January 2022 Series E. Chainfir argued strategic buyers prioritize settlement volume, client relationships and avoided integration costs over prior funding valuations, while contracted, recurring and auditable revenue provides the most reliable valuation floor.
