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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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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AMD (AMD.US) CEO Lisa Su stated on Tuesday that the overall CPU market is expected to grow significantly by 2026. Although AMD has already increased both supply and production capacity, "demand still exceeds supply," and memory chip supply remains tight. The company will continue to expand its supply and expects to significantly increase deliveries in 2027. The production planning cycle between AMD and its supply chain partners has been extended from the previous one to two years, to now three to five years. Lisa Su mentioned that today she held positive discussions with partners such as Acer, Asus, Foxconn, and Quanta, and will meet with TSMC in the afternoon. Su also emphasized that artificial intelligence is beneficial to the world and will not harm humanity; collaboration among leading American AI companies is very important. She noted that there is still much work to be done on security innovation, and the "US Superintelligence Task Force" represents "an important step forward."

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