Stablecoin Development Corp: reports preliminary digital asset holdings of $180,200,000

What happened The filing says the company is providing the following update regarding its digital asset holdings and selected balance sheet information as of Sep 30, 2026. As of Sep 30, 2026, the company held 2,321,079,862 SKY, the governance token of the Sky Protocol, substantially all of which was deployed in the Sky Protocol’s staking smart contract. Based on a SKY price of $0.07764 as of Sep 30, 2026, the filing reports the fair value of the company’s SKY holdings (its "Digital Asset NAV") was approximately $180,200,000, compared to approximately $119,200,000 as of Jun 30, 2026.

Key details

• The company reported earning approximately 34,600,000 SKY in staking rewards during the quarter ended Sep 30, 2026; all staking rewards earned to date have been retained and substantially all remain deployed in staking.
• The filing states the company has not sold any SKY to date.
• As of Sep 30, 2026, the company held approximately $7,200,000 in cash and cash equivalents (excluding restricted cash) and had no outstanding indebtedness.
• The filing also reports that as of Oct 2, 2026, the company held approximately 2,321,910,691 SKY, representing approximately 10% of the total SKY supply.

Why it may matter The filing reports Item 2.02 (results of operations and financial condition) and Item 8.01 (other events), covering preliminary quarter-end digital asset holdings, staking rewards, cash and indebtedness.

A filing does not show why the insider traded or why the company acted.