Ledger’s Big Apple Dream? 🍎

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Oh. My. God. Ledger, as in, the people who make those little USB stick things for your Bitcoin (because apparently leaving it on an exchange is so last year 🙄), are thinking of going public. Like, proper public. In New York. Because apparently Paris just wasn’t…enough?

  • Hardware wallet demand is, like, totally up because everyone’s getting hacked. Who knew? 🤦‍♀️
  • They’re considering a New York IPO or fundraising in 2026. So much ambition!
  • Recent product updates caused a bit of a drama. Fees! Direction! The usual. 🎭

Ledger is preparing for its next phase of expansion as interest in secure storage rises across the crypto market. Which, let’s be honest, is mostly because everyone’s suddenly realized keeping your crypto on an exchange is roughly equivalent to leaving your house unlocked with a sign saying “Please Rob Me.”

According to a Nov. 9 report by The Financial Times (so it must be true!), the company is exploring a possible public listing in New York after reporting its strongest year since launch, driven by growing concerns around asset protection. Basically, people are panicking and buying hardware wallets. Sensible, really.

Demand accelerates as thefts rise

Ledger, which was founded in Paris in 2014, has witnessed a significant increase in hardware wallet sales in 2025. Apparently, the increased frequency of attacks on personal wallets and exchange platforms is forcing users to store their data offline. It’s almost like… security is a good thing? Groundbreaking.

Chainalysis data supports this trend, with crypto thefts reaching $2.2 billion in the first half of the year, already exceeding 2024 levels. A significant share of these incidents targeted everyday users rather than large platforms, reinforcing the case for secure custody solutions. Ledger now secures an estimated $100 billion worth of Bitcoin (BTC) for its customers. Which is a lot of Bitcoin. Like, a really lot.

The firm expects additional demand during the holiday period and into 2026, when it plans to either pursue an initial public offering or a private funding round. The strategy includes increasing its presence in New York, where Gauthier says institutional capital and crypto infrastructure have concentrated. Because you absolutely must be near the money, darling. ✨

Growth brings new pressures

With a 2023 valuation of $1.5 billion, Ledger continues to dominate the cold storage market, surpassing its rivals, including Trezor and Tangem. The business is currently resolving internal disagreements regarding the direction of its products. Honestly, imagine having a disagreement at work worth $1.5 billion. My life is so…small.

Some long-time users have criticised the company for introducing new transaction fees in a recent update to its multisignature interface, arguing that it is moving away from the decentralization-first principles. Because, you know, principles are so important. Especially when there’s money involved. 💸

Others argue that the changes are a sensible step towards service reliability, sustainability, and institutional-grade support. The discussion highlights the tension between the early ideological culture of cryptocurrencies and the demands of growing a multinational security firm. It’s all very…complicated. 🤷‍♀️

The next phase for Ledger will rely on its ability to adjust to a market that is being shaped by both increasing risk and adoption while striking a balance between growth and user trust. Which, frankly, sounds exhausting. Can’t they just, like, chill?

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2025-11-10 06:58