Overview
- Ledger is exploring a New York listing or a private financing round next year, according to the Financial Times, with CEO Pascal Gauthier increasing his time in the city because crypto capital is concentrated there.
- The company reports its strongest year on record with revenue in the triple-digit millions as customers move assets offline for self-custody.
- Chainalysis estimates $2.17–$2.2 billion was stolen in the first half of 2025, with about 23% of incidents targeting individuals’ wallets, accelerating the shift to hardware wallets.
- Ledger says it secures roughly $100 billion worth of customer bitcoin and was valued at about $1.5 billion in 2023 after backing from investors including 10T Holdings and True Global Ventures.
- Security concerns now include physical threats, with the January kidnapping of a co-founder and a subsequent arrest reported in Tangier, while recent multisig and fee changes have drawn criticism from some long-time users.