Stablecoin Development Corporation (SDEV) reported second-quarter 2026 staking revenue of $2.2 million and a net loss of $41.1 million, or $1.32 per basic and diluted share, for the period ended June 30, 2026.
The company said the quarterly loss reflected a $50.6 million non-cash unrealized loss on digital assets. SDEV held 2.29 billion SKY tokens at quarter-end, representing approximately 10% of total SKY supply.
- Staking revenue was $2.2 million for the quarter and $4.7 million for the first half of 2026.
- Operating loss was $53.8 million in the second quarter and $31.6 million for the first half.
- SDEV earned 31.7 million SKY tokens in staking rewards during the quarter.
- As of June 30, 2026, SKY holdings had a fair value of $119.2 million and a cost basis of $147.2 million.
- The company reported cash and cash equivalents of $7.0 million, total assets of $127.5 million, total liabilities of $0.3 million and no debt outstanding.
- SDEV eliminated remaining warrant liabilities and relocated its principal executive offices to West Palm Beach, Florida.
$NBY Hedge Fund Activity
We have seen 3 institutional investors add shares of $NBY stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 1,830,728 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,727,784
- GEODE CAPITAL MANAGEMENT, LLC removed 1,257,705 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,873,980
- STATE STREET CORP removed 313,703 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $467,417
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 250,463 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $373,189
- GOLDMAN SACHS GROUP INC removed 104,341 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $155,468
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 93,261 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $138,958
- JANE STREET GROUP, LLC removed 70,070 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $104,404
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
