Earnings ·
Stablecoin Development Corporation reported second quarter 2026 financial results on July 31, 2026, including staking…
SDEVStablecoin Development Corp
Stablecoin Development Corporation reported second quarter 2026 financial results on July 31, 2026, including staking revenue of $2.2 million and an operating loss of $53.8 million driven by a $50.6 million non-cash unrealized loss on digital assets. The company holds approximately 2.29 billion SKY tokens, representing about 10% of the total supply, with a fair value of $119.2 million as of June 30, 2026. During the quarter, SDEV earned 31.7 million SKY in staking rewards and completed the cashless exercise of all outstanding October 2025 Pre-Funded Warrants on June 15, 2026, eliminating remaining warrant liabilities from its balance sheet. The company also relocated its headquarters to West Palm Beach, Florida, effective July 1, 2026, to reduce fixed costs. Stablecoin Development Corporation is an on-chain holding company focused on long-duration participation in the Sky Protocol digital asset ecosystem.