Recent Updates — NBY

Stablecoin Development reported third-quarter net income of $50.4 million, or $0.23 per basic and diluted share, primarily due to a $58.8 million non-cash unrealized gain as the price of its core holding, SKY tokens, rose approximately 49%. Staking revenue totaled $2.1 million for the quarter. The company held 2.32 billion SKY tokens, representing about 10% of total supply, with a fair value of $180.2 million and no debt or warrant liabilities on its balance sheet. Subsequent to quarter-end, the company raised approximately $45.9 million in net proceeds through its at-the-market equity offering program. Stablecoin Development Corporation is an on-chain holding company focused on long-duration participation in protocol-aligned digital asset ecosystems.

Stablecoin Development Corporation amended and subsequently underwent a cashless exercise of October 2025 Pre-Funded Warrants by R01 Fund LP and Framework Ventures IV L.P. This exercise resulted in the issuance of 22,614,600 aggregate shares of common stock. Following the exercise, the company's total issued and outstanding shares of common stock amount to 50,449,780. Stablecoin Development Corporation operates in the financial technology sector, focusing on the development of stablecoin infrastructure.