Ledger, a leading provider of hardware wallets for secure cryptocurrency storage, is achieving record revenues in the hundreds of millions in 2025, fueled by surging demand amid over $2.17 billion in crypto hacks this year. The company plans a major funding round or New York IPO in 2026 to capitalize on this growth.
Ledger eyes new funding or New York IPO as hardware wallet sales hit all-time highs.
Ledger’s 2025 marks its strongest year, with revenues reaching hundreds of millions driven by increased crypto security needs.
Crypto hacks exceeded $2.17 billion in early 2025, per Chainalysis data, pushing more users toward offline storage solutions like Ledger devices.
Ledger hardware wallet demand surges in 2025 amid record crypto hacks, boosting revenues to hundreds of millions. Explore plans for IPO or funding and secure your assets today—discover essential insights for crypto investors.
What is Ledger Planning for Its Future Growth?
Ledger hardware wallet manufacturer is preparing for significant expansion, including a potential public listing in New York or a fresh funding round in 2026. This strategic move responds to unprecedented demand for secure offline storage solutions as cryptocurrency thefts escalate. CEO Pascal Gauthier emphasized the shift of crypto capital to the U.S., stating that opportunities are concentrated in New York rather than Europe.
Ledger shared that it is having its best year yet, with revenues in the hundreds of millions amid record legal and illegal crypto activity.
Key Highlights
- Ledger plans new funding or a New York IPO as demand for hardware wallets hits record highs.
- 2025 is Ledger’s strongest year yet, with revenues in the hundreds of millions.
- Crypto hacks topped $2.17 billion in early 2025, driving more users to offline storage.
Ledger, the French company renowned for its hardware wallets that enable offline cryptocurrency storage, is gearing up for a substantial capital infusion and possible public debut. This development aligns with peak demand for protective devices in the evolving digital asset landscape.
According to a report in the Financial Times, CEO Pascal Gauthier indicated that the firm is evaluating pathways such as a New York stock exchange listing or an additional private investment. Ledger is intensifying its U.S. operations, with Gauthier observing that substantial crypto investments are now centered in New York, far surpassing other global regions, including Europe.
Furthermore, Ledger is on track for its most prosperous financial period, with 2025 revenues already surpassing hundreds of millions. Ari Redbord, global head of policy at blockchain intelligence firm TRM Labs, noted that 2025 represents a pinnacle for both lawful and illicit cryptocurrency transactions.
Ledger anticipates accelerated expansion during the Black Friday and holiday periods, which historically represent its peak sales window. Established in Paris in 2014, the company currently safeguards approximately $100 billion in Bitcoin and various digital assets for its clientele. Its latest valuation stood at $1.5 billion in 2023, following investments from entities like 10T Holdings and True Global Ventures.
How Are Crypto Hacks in 2025 Impacting Hardware Wallet Demand?
The rise in cryptocurrency breaches has significantly boosted interest in hardware wallets throughout 2025. Ledger reports sales exceeding 7.5 million units since inception, underscoring the critical need for robust offline protection in an increasingly vulnerable ecosystem. Short, sharp incidents like these highlight why investors are prioritizing security.
Statistics from Chainalysis reveal that illicit actors pilfered roughly $2.17 billion in the first half of 2025 alone, surpassing the total losses recorded for the entire previous year. This escalation has not only affected exchanges but also individual holders, prompting a widespread migration to cold storage methods.
For instance, in February, the Bybit exchange endured a severe incursion where attackers compromised its Ethereum multisig cold wallet, absconding with approximately $1.5 billion in assets. The U.S. Federal Bureau of Investigation attributed the operation to North Korea’s Lazarus Group, dubbed “TraderTraitor,” which laundered proceeds across numerous blockchain pathways. Experts from Chainalysis emphasize that such events disproportionately impact retail investors, reinforcing the value of hardware solutions like those from Ledger.
More hacks, more hardware wallets
Interest in hardware wallets has grown sharply this year as crypto thefts hit new highs. Ledger says it has sold more than 7.5 million hardware wallets since its launch, reflecting the growing demand for secure ways to store cryptocurrencies.
Data from Chainalysis shows that hackers stole about $2.17 billion in the first half of 2025, already more than in all of 2024.
In February, crypto exchange Bybit suffered a major breach when hackers exploited its Ethereum multisig cold wallet, stealing about $1.5 billion in digital assets. The U.S. Federal Bureau of Investigation later accused North Korea’s Lazarus Group, also known as “TraderTraitor,” of orchestrating the attack and laundering the stolen funds through thousands of blockchain addresses.
Much of this year’s losses have affected individual investors rather than large institutions, prompting more users to move their crypto holdings offline.
Ledger’s warning
In October, Ledger Chief Technology Officer Charles Guillemet issued a warning to users to halt on-chain transactions after a supply chain attack resulted in the compromise of a trusted developer’s NPM account. The breach allowed hackers to inject malicious code that would redirect crypto transfers into their wallets.
The incident affected widely used software packages downloaded more than a billion times, and its discovery alarmed developers throughout the crypto community; it echoed methods seen in hacks linked to North Korea.
Balancing growth and trust
While Ledger continues to expand and launch new products-including an iOS app and support for the TRON blockchain, all the updates have been welcomed.
As Ledger moves into its next chapter, the big test will be keeping user trust in a world where security threats are constantly evolving. Its possible New York listing and expansion plans highlight how traditional finance and crypto security are coming closer than ever before.
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Frequently Asked Questions
What makes Ledger hardware wallets a top choice for crypto security?
Ledger hardware wallets store private keys offline, shielding them from online threats like hacks and malware. With over 7.5 million units sold and support for thousands of assets, they offer robust encryption and user-friendly recovery options, making them essential for protecting investments in 2025’s high-risk environment.
Why is Ledger considering a New York IPO in 2026?
Ledger’s pursuit of a New York IPO stems from booming demand for its products and the concentration of crypto capital in the U.S. CEO Pascal Gauthier highlights New York’s role as the global hub for such investments, positioning the company to access deeper markets and fuel further innovation in hardware security.
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Key Takeaways
- Record Revenues: Ledger’s 2025 performance, with hundreds of millions in earnings, reflects heightened crypto activity and security priorities.
- Hack Surge: Over $2.17 billion stolen in early 2025 underscores the urgency for offline storage, boosting Ledger’s sales to new peaks.
- Strategic Expansion: Plans for funding or a New York IPO signal Ledger’s commitment to growth—consider securing your assets with hardware wallets now.
Conclusion
Ledger’s trajectory in 2025, marked by soaring Ledger hardware wallet demand and substantial revenues amid rampant crypto hacks in 2025, positions it as a cornerstone of digital asset protection. As threats persist, the company’s forthcoming funding or IPO initiatives promise enhanced innovations. Investors should prioritize secure storage to navigate this dynamic landscape effectively.