Foresight News reports that according to Forbes, hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages approximately 20% of global cryptocurrency assets, valued at around $400 billion. As the price of Bitcoin rose from $68,000 to $98,000, Ledger's hardware sales increased threefold, and the transaction volume of its Ledger Live app surged 3.5 times. Ledger CEO Pascal Gauthier stated that the company is expanding from cryptocurrency security to a broader cybersecurity field. The Security Key application launched in September this year has entered the authentication market, which is expected to reach a market size of $40 billion by 2030.
Ledger has completed a total of $600 million in funding, including a $380 million Series C round in 2021, which valued the company at $1.5 billion, and an additional $108 million funding at the same valuation in early 2023. The company claims to have achieved profitability, with total revenue expected to reach $1 billion over ten years.