Stablecoin Development Corp completes private placement worth about USD 134 million

Bitget2026/10/05 12:14

Stablecoin Development completed a Jan. 16, 2026 private placement of pre-funded warrants for 167,539,227 common shares. Gross proceeds totaled about USD 134 million, including about USD 25 million cash and about USD 109 million in SKY tokens and stablecoins. Proceeds support a multi-year strategy to acquire and hold revenue-generating digital assets, with SKY currently the only approved asset. SKY holdings stood at about 943,600,000 tokens at closing, rising to about 2,321,910,691 tokens as of Oct. 2, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stablecoin Development Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-031972), on October 05, 2026, and is solely responsible for the information contained therein.

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