Stablecoin Development reports $180M in SKY token holdings at Q3 end

Stablecoin Development Corporation, listed on the NYSE as SDEV, released preliminary and unaudited balance sheet data as of September 30, 2026, showing its digital asset holdings grew in value during the third quarter.

The company held 2,321,079,862 SKY tokens as of September 30, 2026, substantially all of which were deployed in the Sky Protocol's staking smart contract. Based on a SKY price of $0.07764, the fair value of those holdings was approximately $180.2 million, up from approximately $119.2 million as of June 30, 2026.

During the quarter, the company earned approximately 34.6 million SKY in staking rewards. The company said it has not sold any SKY tokens to date, and all staking rewards earned have been retained, with substantially all remaining deployed in staking.

As of September 30, 2026, the company held approximately $7.2 million in cash and cash equivalents, excluding restricted cash, and reported no outstanding debt.

As of October 2, 2026, the company held approximately 2,321,910,691 SKY tokens, representing approximately 10% of the total SKY supply, compared to 2,286,511,374 SKY held as of June 30, 2026, which also represented approximately 10% of total supply.

All figures are preliminary and subject to completion of the company's quarter-end closing procedures. Final figures will be included in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.

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