French crypto {hardware} pockets supplier Ledger is contemplating a New York itemizing as surging cyberattacks drive report demand for its {hardware} gadgets, sending revenues hovering into the triple-digit hundreds of thousands in 2025.
CEO Pascal Gauthier just lately advised the Monetary Occasions that the corporate, based in Paris in 2014, is seeing its finest yr but as each people and firms rush to guard their digital property from more and more refined hackers.
“We’re being hacked an increasing number of daily … hacking of your financial institution accounts, of your crypto, and it’s not going to get higher subsequent yr and the yr after that,” he stated.
The growth comes amid a report yr for crypto-related thefts. Hackers stole $2.2 billion value of digital property within the first half of 2025, surpassing the overall for all of 2024. About 23% of those assaults focused particular person wallets, the FT reported, citing Chainalysis.
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Ledger secures $100 billion in Bitcoin
Gauthier stated Ledger secures about $100 billion value of Bitcoin (BTC) for purchasers, and would possibly additional profit from seasonal spikes throughout Black Friday and Christmas.
He added that the corporate is making ready to lift funds subsequent yr, both by way of a non-public spherical or a US itemizing. He added that Ledger is increasing its New York headcount, noting that “cash is in New York immediately for crypto, it’s nowhere else on this planet, it’s definitely not in Europe.”
Rivals resembling Trezor and Tangem additionally provide “chilly storage” wallets, however Ledger stays probably the most outstanding identify available in the market. The corporate was final valued at $1.5 billion in 2023, backed by 10T Holdings and True World Ventures.
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Ledger’s new multisig app sparks backlash
Final month, Ledger launched a brand new multisignature (multisig) interface, drawing blended reactions from customers. Whereas many praised the improve as a strong technical step ahead, the brand new payment construction, together with a $10 flat payment per transaction and a 0.05% variable payment for token transfers, triggered criticism from elements of the crypto neighborhood.
Builders like pcaversaccio accused the corporate of straying from its Cypherpunk roots, claiming Ledger is popping its app right into a centralized “choke level” to extract income from customers.
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