TechFlow News — On November 22, according to Forbes, hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages approximately 20% of the world's crypto assets, valued at around $400 billion. As Bitcoin's price rose from $68,000 to $98,000, Ledger's hardware sales tripled, while transaction volume on its Ledger Live app surged 3.5 times.
Ledger CEO Pascal Gauthier stated that the company is expanding beyond cryptocurrency security into the broader cybersecurity domain. The Security Key app launched in September has entered the authentication market, which is projected to reach a market size of $40 billion by 2030.
Notably, Ledger has raised a total of $600 million in funding, including a $380 million Series C round in 2021 at a $1.5 billion valuation, followed by an additional $108 million fundraising round in early 2023 at the same valuation. The company claims to have achieved profitability, with cumulative revenue expected to reach $1 billion over ten years.
