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

Stablecoin Development Corporation (SDEV), a company listed on the NYSE, has disclosed its preliminary and unaudited financial data for the third quarter of 2026. As of September 30, 2026, the company's holdings of SKY tokens had grown significantly, totaling 2,321,079,862 tokens. Nearly all of these tokens were staked in the Sky Protocol’s smart contract. With a SKY price of $0.07764, the total value of these holdings was approximately $180.2 million, up from $119.2 million as of June 30, 2026.

The company earned around 34.6 million SKY in staking rewards during the quarter. SDEV has not sold any SKY tokens to date, and all staking rewards earned have been retained and redeployed into staking. As of September 30, 2026, the company also reported holding approximately $7.2 million in cash and cash equivalents, with no outstanding debt.

By October 2, 2026, SDEV’s SKY token holdings had slightly increased to 2,321,910,691 tokens, representing about 10% of the total SKY supply. This is a modest increase from the 2,286,511,374 SKY tokens held as of June 30, 2026, which also represented approximately 10% of the total supply.

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