Publicly traded company Stablecoin Development Corporation (SDEV), which primarily holds and stakes SKY tokens, earned approximately $2.2 million in staking revenue during Q2, roughly covering its non-GAAP cash operating costs. However, the associated SKY rewards were not sold. Due to the decline in token prices, the company recorded an unrealized digital asset loss of $50.6 million during the same period, resulting in a net loss of $41.1 million. As of the end of June, SDEV held 2.29 billion SKY tokens, with a fair value of approximately $119.2 million, accounting for about 94% of its total assets. Additionally, up to 33.5 million stock warrants became exercisable, representing approximately 66% of its outstanding shares as of June 15. However, this percentage reflects potential dilution and not actual dilution that has occurred. (CryptoSlate) https://(wublock123.com)/news/sdev-q2-sky-staking-revenue-2-2m-unrealized-loss-50-6m-65744