Stablecoin Development Corp completes private placement worth about $134 million
SDEV•Stablecoin Development Corp completed a private placement of pre-funded warrants for 167,539,227 common shares, raising about $134 million. Proceeds included about $25 million in cash and $109 million in SKY tokens and stablecoins.
1. Placement proceeds
The company completed the private placement on Jan. 16, 2026. It said the proceeds will support a multi-year strategy to acquire and hold revenue-generating digital assets, with SKY the only approved asset.
2. SKY holdings
Stablecoin Development held about 943.6 million SKY tokens at closing and about 2.32 billion tokens as of Oct. 2, 2026.
