Stablecoin Development Corporation (SDEV) investor relations material

Executive summary

• Completed strategic transformation to an on-chain holding company focused on protocol-aligned digital asset ecosystems, primarily SKY tokens, with a name and ticker change effective April 2026.

• Raised $134 million in January 2026 via a private placement of pre-funded warrants, receiving cash, stablecoins, and SKY tokens, establishing a digital asset treasury strategy.

• As of March 31, 2026, held 2.15 billion SKY tokens (9% of total supply), with staking activities generating protocol-level rewards.

• Divested legacy businesses in 2025; historical results now presented as discontinued operations.

Financial highlights

• Net income from continuing operations was $552.4 million for Q1 2026, compared to a net loss of $3.3 million in Q1 2025.

• Staking revenue reached $2.5 million; unrealized gain on digital assets was $22.7 million for Q1 2026.

• Non-cash loss on fair value of warrant liabilities in excess of proceeds at issuance was $5.3 billion, offset by a $5.8 billion non-cash gain on changes in fair value of warrant liabilities.

• Cash and cash equivalents increased to $18.4 million as of March 31, 2026, from $8.0 million at year-end 2025.

Outlook and guidance

• Management expects operating expenses to shift toward digital asset custody, cybersecurity, compliance, and specialized legal/accounting services.

• Existing cash and equivalents expected to fund planned operating expenses through at least May 2027; future growth dependent on market conditions and capital access.

• Company may periodically monetize digital assets for liquidity and tax planning, subject to governance and risk controls.