Ledger Eyes New York IPO as Hardware Wallet Demand Surges
The post Ledger Eyes New York IPO as Hardware Wallet Demand Surges appeared on BitcoinEthereumNews.com.
French cryptocurrency hardware wallet manufacturer Ledger is reportedly exploring an IPO in New York or a fundraising round. While demand for self-custody solutions is climbing amid rising digital asset theft, the move signals growing confidence in the sector’s monetization potential. Sponsored Sponsored Market Timing Reflects Crypto Cycle Dynamics Ledger’s IPO exploration comes as the hardware wallet sector experiences renewed momentum. Security concerns and regulatory shifts are driving this growth. Industry data shows $2.17 billion in cryptocurrency stolen during the first half of 2025, surpassing the total for 2024. 🚨Crypto crime is rising fast, bad actors now spend 14x higher fees to stay hidden Report By @chainalysis Crypto Theft in 2025 (So Far)-> $2.17 Billion Stolen by Mid-July 2025– > Already more than all of 2024 Major Hack: Bybit (North Korea-backed)–> $1.5 billion stolen… pic.twitter.com/QxFwoxEhYa — Kashif Raza (@simplykashif) July 18, 2025 The timing also aligns with the broader crypto market recovery. It comes amid anticipated regulatory clarity under the current US administration. Unlike Coinbase’s April 2021 debut near a market peak, Ledger appears positioned differently. The company can capitalize on sustained institutional adoption rather than retail speculation. Hardware wallet penetration among cryptocurrency holders remains below 15%. This suggests significant addressable market expansion as digital asset ownership normalizes. Revenue Model Sustainability Under Scrutiny Hardware sales generate initial revenue for the company. However, investors will likely focus on Ledger’s recurring income streams and unit economics. The company manages approximately $100 billion in bitcoin across its customer base. Sponsored Sponsored Its cold-storage wallets, which keep crypto offline, drove revenue to triple-digit millions, its best year ever. CEO Pascal Gauthier reveals #Ledger📷 now secures $100B $BTC and may go public in the U.S. pic.twitter.com/0H4yEkj7zJ — Nayeem Rezvan (@NayeemRezvan) November 9, 2025 Yet monetizing this relationship beyond one-time device purchases presents challenges. Recent moves to…
