Ledger Eyes New York IPO After 2025 Profit Surge
Paris-based hardware wallet provider Ledger reported triple-digit million-dollar revenues in 2025 ahead of the holiday season. The company now secures about $100 billion in bitcoin and is valued at $1.5 billion after its 2023 funding round. CEO Pascal Gauthier said “the money is in New York today for crypto,” as Ledger explores a New York IPO or private fundraising round. The global hardware wallet market is valued at $263 million, driven by security concerns over centralized exchanges. Ledger is also expanding its New York operations and rolling out new features, including an enterprise iOS app, TRON support, and a multisig wallet. This strategic move underlines growing demand for self-custody solutions and could boost long-term bitcoin adoption.
Bullish
This news is bullish for bitcoin. In the short term, Ledger’s strong revenue and plans for a high-profile IPO signal robust demand for secure storage, which could boost trader confidence and increase on-chain accumulation. Over the long term, a successful IPO or private raise would validate hardware wallets and self-custody solutions, supporting sustained institutional and retail investment into bitcoin and enhancing market stability.