Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Bitcoin Wallet Manufacturer Ledger Completes $380 Million Fundraise At $1.5 Billion Valuation Bitcoin Wallet Manufacturer Ledger Completes $380 Million Fundraise At $1.5 Billion Valuation June 10, 2021 0 Comments Bitcoin hardware wallet manufacturer Ledger has raised $380 million, giving it unicorn startup status at a $1.5 billion valuation.
Ledger, a hardware wallet manufacturer for bitcoin and other cryptocurrencies, has announced the completion of a $380 million series C investment round led by cryptocurrency-focused investment fund 10T Holdings, whose CEO will now be joining the Ledger board.With this fundraising round, Ledger has an implied $1.5 billion valuation, conferring it the status of a “unicorn” startup.
“This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem,” said Ledger’s CEO Pascal Gauthier, per the announcement.“This industry is fast becoming mainstream and reshaping the entire financial sector and beyond.We are well-positioned to become the secure gateway to the digital asset world with the potential to integrate our services into nearly every feature of the digital asset ecosystem.”
According to the announcement, Ledger has sold more than three million hardware wallets in 190 countries, securing an estimated 15% of all cryptocurrency assets globally.With this series C round, the company plans to expand its offerings to encompass more facets of the entire cryptocurrency ecosystem — something 10T Holdings sees “a tremendous future” for.
The round also included investment from Draper Associates, Tekne Capital, Uphold Ventures, Rosemoor Capital, Libertus Capital II and Felix Capital, among other investors.
Founded in 2014, Ledger is a hardware wallet manufacturer headquartered in Paris that serves retail and institutional clients in 200 countries.
The company previously raised $8.3 million in a series A round in March 2017 and $75 million in a series B round in January 2018.Share this: Interview: How Bitcoin Changed My Life With Yung Lerk Listen To This Episode: AppleSpotifyLibsyn For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by fellow pleb Yung Lerk (@YungLerk_) for his first-ever podcast appearance.This was one of my favorite episodes that I’ve recorded in this series and I’m sure you’ll love it just as much as I did.
We… LedgerX Launches First Physical Bitcoin Futures Contracts, Beating Bakkt Update, August 1, 2019: While LedgerX announced that it had launched the first physically settled bitcoin futures contracts, the U.S.Commodity Futures Trading Commission (CFTC) has not indicated any official approval.As of this update, investors can sign up for early access to the futures platform, but there’s no clear indication of when it will… U.S.Government Sells 9.45 BTC At Significant Market Discount Surprisingly, 9.45 BTC auctioned off by a U.S.
government agency was purchased at a market discount.The U.S.government sold 9.45 BTC during a four-day auction that closed earlier this week, with the bitcoin being purchased at a notable discount compared to market prices.The auction was performed by GSA Auctions, a service of the United States… Coinbase Launches OTC Trading for Institutional Investors Major U.S.digital asset platform Coinbase has launched an over-the-counter (OTC) trading desk dedicated to institutional investors, live-streaming site Cheddar reports.From Coinbase Prime to its Custody service, the exchange has been laying the groundwork for institutional investors for a while now.
Earlier this year, Coinbase announced it was on track to be a broker-dealer… Bitcoin Lending Platform Ledn Raises $30 Million In Series A Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.The platform lets users open interest-bearing bitcoin savings accounts and take out bitcoin-backed loans, giving them access to fiat without having to sell their BTC.… QuickBit Confirms Data Leak Sweden-based cryptocurrency exchange QuickBit has confirmed an alleged data leak of customer records in an update to its blog.According to the exchange, an outside contractor left customer data unprotected while carrying out a security upgrade on QuickBit’s servers.This negligent behavior affected roughly 2 percent of the exchange’s customers, the post explains.“QuickBit has… IRS Commissioner Makes Crypto Tax Clarity a Priority The U.S.
Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.
The decision stems from the recent attempt by Minnesota Representative Tom Emmer to pass legislation reforming the way that hard forks and the resultant “forkcoins” are viewed by tax… Thomson Reuters Partners With Startup for Next Level Derivatives Exchange Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries.Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE).The company has now expanded its scope and entered into the… a16z Puts $16 Million Behind Stablecoin Platform MakerDao Stablecoins are becoming big business these days.
In a $15 million deal, Andreessen Horowitz’s a16z crypto fund is buying 6 percent of the total MakerDAO maker (MKR) token supply.
The investment will give a16z a financial and governance stake in the dai stablecoin.A16z made the announcement today, September 24, 2018.MakerDAO also received $12… Leave a Reply You must be logged in to post a comment.