SDEV reports SKY token holdings worth $180M, up 51% from Q2

SDEV's digital asset NAV increased from $119.2M to $180.2M as of September 30, 2026, driven by SKY token appreciation from price movement and 34.6M tokens earned through staking. The company holds ~10% of SKY total supply and has not sold any tokens. The fundamental shift is meaningful but asset price movements alone in a crypto holding company are expected volatility rather than new operational or strategic catalysts.

SDEV holds a large cache of SKY crypto tokens worth about $180 million as of late September, up sharply from $119 million three months earlier because the token price rose and the company earned more through staking rewards.