LEDGER CONSIDERING IPO OR FUNDRAISE

Summary from the TLDR Crypto newsletter

Hardware wallet maker Ledger is preparing for a New York IPO or private fundraising round next year as the company posts triple-digit millions in revenue during its strongest year on record, with CEO Pascal Gauthier expanding the firm's Manhattan presence where crypto capital is concentrated. The Paris-based company secures roughly $100 billion in bitcoin for customers and was last valued at $1.5 billion in 2023. Demand for secure crypto storage has surged as criminals stole $2.17 billion in the first half of 2025 alone, and physical attacks on crypto holders escalated, including the January kidnapping of Ledger co-founder David Balland, who had a finger severed before a suspected orchestrator was arrested in Morocco.