Hardware wallet manufacturers Ledger and Trezor both reported a huge spike in sales last week as consumers rushed to self-custody solutions to safeguard their digital assets. 

CEO Pascal Gauthier confirmed recent reports with Decrypt that the firm had enjoyed a hefty uptick in sales. "Last week saw Ledger's highest sales week in history. Sunday was our single highest day of sales ever. Until Monday, when we beat our all-time high again,” said Pascal via email. “The message is clear: people are realizing that we must return to decentralization and to self-custody. ‘Not your keys, not your coins.’ A saying as old as crypto itself, but it has never been more relevant."

Decrypt also emailed Ledger’s main competitor Trezor who reported a similar surge in demand. Joseph Tetek Bitcoin analyst at Trezor said that the wallet manufacturer had “indeed seen an exponential increase in sales since November 7.”