Cryptocurrency Wallet Company Ledger Is Now Valued at $1.5 Billion USD

Hitting unicorn status after a successful $380 million USD Series C funding.

Tech
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French cryptocurrency hard wallet makers Ledger has just successfully landed $380 million USD in Series C funding.

Now hitting unicorn status, the company is up to $1.5 billion USD in valuation compared to its $290 million USD valuation just two years ago. Ledger is one of the more popular hard wallets for cryptocurrency holders, having sold over three million units worldwide, along with being the company trusted in storing approximately 15 percent of all digital assets in the world.

With this new funding, led by 10T Holdings, the company is now looking to expand into DeFi (decentralized finance) services and to be recognized as a “secure gateway to the entire digital asset ecosystem.” There may also be a new line of hard wallets coming in the near future.

In other finance news, it’s estimated that hedge funds lost over $6 billion USD from shorting meme stocks.

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