Ledger, a French company known for its cryptocurrency hardware wallets, is contemplating a public listing in New York, thanks to its revenue reaching triple-digit millions in 2025. This surge is attributed to a rising wave of cyberattacks and an increasing need for their cold storage wallet solutions.
CEO Pascal Gauthier highlighted that this year marks Ledger’s most successful performance as both individual users and businesses seek to safeguard their digital assets from adept hackers. “We’re being hacked more and more every day… hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that,” he stated.
The company reported that hackers stole approximately $2.2 billion in digital assets in the first half of 2025, surpassing the total losses of 2024, with 23% of these attacks targeting personal wallets, as reported by Chainalysis.
Ledger Secures $100 Billion in Bitcoin
Gauthier shared that Ledger secures around $100 billion worth of Bitcoin (BTC) for its clients and anticipates additional seasonal demand surges during Black Friday and Christmas. He mentioned plans for fundraising next year either through a private round or a US listing, indicating that New York is the current center for cryptocurrency finance, whereas Europe lags behind.
While other companies, such as Trezor and Tangem, also provide cold storage wallets, Ledger is the market leader, having been valued at $1.5 billion in 2023, with backing from investors like 10T Holdings and True Global Ventures.
Ledger’s New Multisig App Faces Criticism
Recently, Ledger introduced a new multisignature (multisig) interface, which has received mixed feedback. Although many users appreciated the technical advancements, the newly implemented fee structure, featuring a $10 flat fee per transaction plus a 0.05% variable fee for token transfers, was criticized by some within the crypto community. Developers raised concerns that Ledger might be moving away from its Cypherpunk origins and turning its app into a centralized revenue-generating tool.
