Trezor

Announcement

Trezor Sees Record Sales Week as Bitcoin Approaches $100K

November 27, 2024

3 min read

The hardware wallet company reported a 600% surge in sales following the U.S. elections
Trezor also achieved its highest single sales day in history

Trezor, the original bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin's sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency, and a growing shift away from centralized exchanges toward self-custody have significantly driven Trezor’s record-breaking sales.

The historic sales week followed the U.S. presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average.
This surge peaked on Friday, November 22, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its "Ledger Recovery" service. 

Danny Sanders, Trezor's Chief Commercial Officer, commented on the milestone: “These unprecedented results highlight the growing interest in cryptocurrencies. A pivotal moment was Bitcoin becoming one of the topics during the U.S. presidential elections, which served as a catalyst for further adoption. Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. The mantra ‘not your keys, not your coins’ remains highly relevant, as the market continues to recognize the risks of leaving assets on centralized exchanges — a hard lesson learned from the collapse of numerous exchanges in the past. All of this underpins the success of our expanded product range with the new Safe and Keep Series and Expert onboarding making it easier for new people to onboard to hardware wallet ”.

The Shift Towards Self-Custody

The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from centralized exchanges (source Cryptoquant). High-profile exchange failures, regulatory uncertainty, and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians.

New Product Line Drives Record Sales

Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design, and robust security backed by Trezor's open-source philosophy. Complementing these wallets, the Trezor Keep Metal — a durable solution for securely safeguarding wallet backups — and Trezor Expert, a personalized 1-to-1 online onboarding service, have seamlessly integrated into Trezor's portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future.

Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates.

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Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software  products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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SatoshiLabs Welcomes Ladislav Veselý as New COO

SatoshiLabs

2 min read

Defining the strategy for the holding group, building the best HR team in the Czech Republic, and supporting the founders and CEOs of individual companies are all ambitious goals Ladislav Veselý is bringing to SatoshiLabs as its new COO. Veselý enters this new chapter with years of leadership experience, having served as the CEO of Slevomat Group and Product Division Director at Seznam.cz.

"I was motivated by the opportunity to step into a completely different environment. After five years with one company, I was looking for a new industry, a different stage the company is currently in, and a new sense of purpose. I’m also inspired by the founders’ values and their focus on people and product quality. At SatoshiLabs, money isn’t the goal; it’s the energy that drives everything. This alignment made the decision easy for me, and I’m excited about this new chapter," says Veselý.

From Operations to Leading Three Companies

Veselý spent nearly five and a half years in leadership roles at Slevomat. After just one year as COO, he was promoted to CEO, eventually overseeing all three companies in the group. He considers Slevomat’s post-pandemic business performance his greatest professional achievement.

"I’m proud that Slevomat emerged from the pandemic as the strongest Czech travel brand, achieving record profits and profitability. At that time, the company was generating the vast majority of the European group’s profits," Veselý reflects.

He also credits his time at Seznam.cz as one of the most formative periods in his career, where he gained valuable experience in product development, agile methods, and team learning and development. Veselý also served as Chief Product Officer (CPO) at the publishing house Economia.

Building a Strong HR Team and Supporting Leadership
"What drew me to SatoshiLabs was a combination of factors: the team’s strong internal motivation, the truly global reach of the company, and the emphasis on personal freedom that comes with responsibility. Honestly, I feel like I’d work here even if they were making rubber ducks. The fact that we have four bootstrapped companies with global products is just the icing on the cake—and a huge source of motivation. The quality, passion, and trust I’ve sensed in just a few days are unlike anything I’ve experienced before," Veselý adds.

In addition to supporting the CEOs of the companies within the group, Veselý plans to define the group’s strategy and build the strongest HR and operations team in the Czech Republic.

"We wanted the new member of our leadership team to not only have extensive experience in operational management and a strong understanding of the holding environment and business-building processes, but also exceptional people leadership and development skills. Ladislav offers a unique combination of these qualities. His experience leading Slevomat and his approach to managing teams and companies will undoubtedly help us grow further," said Marek Palatinus, co-founder of SatoshiLabs.

About SatoshiLabs

SatoshiLabs is a global technology group focused on cryptocurrency and open-source innovation. Its founders, Marek Palatinus and Pavol Rusnák, created Trezor—the world’s first cryptocurrency hardware wallet—and turned it into a billion-dollar business. The group also includes Vexl, a P2P Bitcoin trading app without KYC requirements; Invity, a mobile app for buying, selling, and saving Bitcoin and cryptocurrencies; and Tropic Square, which designs and develops unique transparent security chips.

Trezor Launches Limited Freedom Edition Wallet as Part of Its Financial Sovereignty Campaign

Trezor

2 min read

The 2,100 unique limited devices feature a special engraving that embodies an empowering statement: "Independence isn’t given – it’s taken."

This Limited Edition is part of a broader awareness-raising campaign highlighting the critical importance of reclaiming personal independence, with a particular focus on financial sovereignty.

Trezor, the original Bitcoin hardware wallet company, announces the launch of a limited Trezor Safe 5 Freedom Edition. With this release, the company reignites one of the core principles of Bitcoin and cryptocurrencies: financial sovereignty. This exclusive Freedom Edition version features a distinctive bronze-colored backplate engraved with the empowering statement: “Independence isn’t given – it’s taken.” Each device is individually numbered, with only 2,100 units available worldwide.

Trezor Safe 5 Freedom Edition

Priced at $169—the same as the standard Trezor Safe 5—this limited edition also supports a meaningful cause. For every device sold, $10 will be donated to Trezor Academy, a global educational initiative that helps individuals in underserved regions access Bitcoin education and achieve financial independence. 

Bitcoin Advocates Re-declare Their Independence with Trezor

The Trezor Freedom Edition is a cornerstone of Trezor’s broader awareness-raising campaign, emphasizing the critical importance of reclaiming personal independence, particularly financial sovereignty. To highlight this message, Trezor collaborated with notable Bitcoin advocates who are making a global impact through education and empowerment. Together with these advocates and Trezor employees, the company created a compelling video that reaffirms the individual’s right to independence. The video concludes with Trezor’s CEO, Matěj Žák, gliding through the air with a parachute—a striking symbol of ultimate freedom and self-determination. 

Campaign video: https://youtu.be/Xrhe9J06mvE?si=VSH0iCOaS9dVhnfJ

Bitcoin advocates appearing in the video:

  • Lina Seiche, the creator of The Little HODLer, uses art and humor to explain Bitcoin concepts, making them accessible to people worldwide. 
  • Isabela Santos, co-founder of Get Based and founder of Mexican bitcoin community BTC isla, educates the public about Bitcoin’s potential to transform financial systems.
  • Nikolai Tjongarero, founder of EasySats in Namibia and Trezor Academy organizer, champions Bitcoin adoption across Africa. 

Trezor points out the unique nature of cryptocurrencies and the decentralised financial system, which gives people the freedom to truly own and freely transact without restrictions. With full control over their private keys, an assurance only self-custody can provide, individuals are free from reliance on any third party, bank, or exchange and have the power to fully manage and secure their digital assets.

Anusha Schindler, Head of Brand at Trezor, comments: “The Trezor Safe 5 Freedom Edition isn’t just a hardware wallet—it’s a statement. It perfectly reflects our brand campaign, embodying our mission to empower individuals to take control of their financial future through self-custody. Limited to only 2100 serialized units, the Trezor Safe 5 Freedom Edition is designed for those who believe in self-reliance and the freedom to truly own and freely transact without restrictions.”

Sales start soon

Sales of this exclusive edition will begin on Thursday, January 30, 2025, at 15:00 UTC. For more details about the device and the upcoming sale, visit: https://content.trezor.io/trezor-safe-5-freedom-edition 

Photos: https://satoshilabs.visualbook.pro/en/trezor/product-showcase 

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

Trezor Achieves Milestone with 100k ETH Staked Through Recently-launched Staking Feature

Trezor

2 min read

Staking was launched only a few months ago in May in Trezor Suite.

Service is in collaboration with reputable Everstake.

Only 0.1 ETH required to start staking.

Trezor, the world’s leading open-source cryptocurrency hardware wallet producer, proudly announces that its users have staked a remarkable 100,000 ETH since the company introduced secure staking in its Trezor Suite in May 2024. Through this new feature, Trezor enables users to earn rewards by participating in Ethereum’s network security directly from their Trezor wallets.

Trezor’s staking service, launched in collaboration with Everstake, a well-regarded staking-as-a-service platform, requires a minimum stake of just 0.1 ETH, making it accessible for a wide range of Ethereum holders. With auto-compounding rewards and a user-friendly setup within Trezor Suite, Trezor has simplified the staking process while maintaining top-tier security standards.

“We are thrilled to see such strong adoption of our staking feature,” said Matěj Žák, CEO of Trezor. “Trezor users believe in self-custody, but also want to see their holdings grow. In fact, staking is a great embodiment of that philosophy - holding rather than selling, but earning interest while allowing the community to benefit from the staked coins, all while keeping them maximally secure. We sensed that there was serious interest for such a service, but even we didn’t expect that we’d blast through this milestone within this year. This impressive level of engagement underscores our community’s commitment to both security and network participation.”

For more information on how to stake ETH using Trezor Suite, visit www.trezor.io

-ENDS-

Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

Tropic Square joins IoT Security Foundation to Drive Transparent IoT Solutions

Tropic Square

2 min read

Tropic Square, innovators in transparent and auditable secure semiconductors joins the IoT Security Foundation (IoTSF), the global association committed to ensuring the security and reliability of Internet of Things (IoT) devices.

Tropic Square's IoTSF member badge

IoTSF unites companies worldwide to enhance cybersecurity defenses by collaborating with its members to offer guidelines, best practices, and resources for secure IoT deployments. As IoT devices become more integral in both personal and professional environments, IoTSF tackles the challenge of mobilizing robust security measures.

Tropic Square develops open secure chips that protect IoT devices from advanced attacks. These chips serve as a hardware Root of Trust (RoT), with the security based on transparency. Technical details on the security design and logic are made accessible to the open source community. The openness serves to equip design engineers with components that empower secure product development, as well as cross communication for resolving vulnerabilities.

Tropic Square’s approach aligns with IoTSF's mission to inform the public and ensure the ongoing safety of IoT systems. The joint efforts aim to strengthen security defenses to evolve alongside emerging challenges in IoT devices, while aligning IoT product lifecycle to upcoming legislation like the EU’s Cyber Resilience Act and Cybersecurity Act.

Learn more about the IoT Security Foundation by visiting https://iotsecurityfoundation.org/

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About Tropic Square

Tropic Square is a fabless semiconductor and IP company founded in 2020 as a response to the need for secure open hardware co-processors. We stand for TRuly Open Integrated Circuits by developing and producing secure cryptographic coprocessors and IPs.  Our designs are tested by experts in the open source community and made available for community use.

For more information, visit tropicsquare.com