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SDEV Shares Gained More Than 700% Over 15 Days as SKY Holdings Reached 2.315 Billion
The company held about 10% of SKY’s total supply as of Sept. 13, with nearly all of its tokens staked in the Sky Protocol.
SDEV shares climbed more than 700% over 15 days, closing at $7.48 on Oct. 2, while the company held about 2.315 billion Sky (SKY), roughly 10% of the token’s total supply.
The stock had traded near $1 toward the end of September. SDEV’s market value was about $387 million.
SKY also advanced over the period, rising from around 80 cents to above 90 cents.
SDEV’s September S-3/A filing showed that it held about 2.315 billion SKY as of Sept. 13. Nearly all of those tokens were staked in the Sky Protocol.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.