SDEV reports Q2 staking revenue $2.2M, operating loss $53.8M on $50.6M unrealized loss; SKY holdings 2.29B tokens

Stablecoin Development Corp

2026-Q2 EPS reported $2.77 revenue$4,669,000

Staking revenue of $2.2M in Q2 2026, $4.7M in H1 2026; earned 31.7M SKY in staking rewards during the quarter.
Operating loss of $53.8M driven by $50.6M non-cash unrealized loss on SKY tokens; no tokens were sold.
Held 2.29B SKY tokens (~10% of total supply) as of June 30, 2026; fair value $119.2M, cost basis $147.2M.
Eliminated all outstanding October 2025 Pre-Funded Warrants via cashless exercise, simplifying capital structure.
Relocated headquarters to West Palm Beach, FL, terminating California lease to reduce occupancy costs.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.