According to Deep Tide TechFlow, on November 22, Forbes reported that hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages about 20% of the world's crypto assets, valued at approximately $400 billion. As the price of Bitcoin rose from $68,000 to $98,000, Ledger's hardware sales tripled, 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 into a broader cybersecurity field. The Security Key app launched in September this year has entered the authentication market, which is expected to reach a market size of $40 billion by 2030.
It is worth noting that Ledger has completed a total of $600 million in financing, including $380 million in Series C funding at a valuation of $1.5 billion in 2021, and an additional $108 million at the same valuation in early 2023. The company claims to have achieved profitability, with cumulative revenue expected to reach $1 billion over ten years.