Stablecoin Development (SDEV)
Builds a SKY treasury through staking and Sky Protocol governance.
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Accumulates and stakes SKY, Sky Protocol's governance token, earning token rewards while participating in on-chain governance. Results are driven by concentrated SKY holdings and protocol-set staking economics.
Operates a digital-asset treasury centered on SKY, Sky Protocol's governance token. Current revenue comes from SKY staking: smart contracts allocate tokens to its position under reward rates set by Sky governance, and those allocations are recognized as revenue. Most SKY is deployed within the protocol, where it also participates in on-chain governance.
Funds acquisitions with cash and equity-market access while maintaining separate cash, cash equivalents, and short-duration investments for near-term operations. Kraken provides qualified custody, while most staked SKY remains in company-controlled self-custody using Fireblocks' key-management infrastructure because staking cannot be done from a custodial account.
Concentrates its operations in one reportable segment and one approved digital asset. Results depend on SKY pricing, Sky governance parameters, Ethereum smart contracts, USDS and DAI adoption, trading liquidity, custody infrastructure, and evolving rules for digital assets and staking.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.0M · Total debt $0 · Total assets $127.5M · Shareholders' equity $127.2M
- Revenue
- $2.2M
- Operating income
- −$3.2M
- Net income
- −$41.1M
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 30, 2025 | Sep 15 | $4.00 | special dividend |
No ownership filings on record for this listing.
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Stablecoin Development | $0.8674 | +0.80% | $43.3M | — | — | 9.3 | — |
| Strategy | $124.33 | +0.91% | $40.75B | — | 2.9 | 81.8 | +6.9% |
| BitMine Immersion Technologies | $23.18 | +0.48% | $13.13B | — | 56.3 | 214.6 | +2,166.2% |
| Sharplink | $8.11 | +0.14% | $1.60B | — | 194.4 | 31.8 | +1,553.3% |
| Circle | $88.90 | +0.30% | $23.69B | 47.1 | — | 8.2 | +6.6% |
| Median | 47.1 | 56.3 | 56.8 | +780.1% |