Shares of SKY treasury firm SDEV posted another sharp gain as U.S. stocks closed higher, with BIT (bit.com) data showing the stock rose 104.37% to $7.48 on the day. Over the past month, the stock has climbed a cumulative 770%, according to the same market data cited by BlockBeats.
HTX market data showed SKY token moved more steadily on Oct. 3, last trading at $0.087103, down 6.82% over the previous 24 hours. The divergence left the listed company’s stock surging while the token itself saw a modest pullback.
BlockBeats also referenced its Sept. 28 report, which said SDEV’s mNAV was only 0.39 at that time. That meant the company’s stock market capitalization was equal to 39% of the market value of its SKY holdings. The report said SDEV’s long-running discount was mainly tied to market concerns that the company could again raise funds through an at-the-market, or ATM, share issuance, which would dilute existing shareholders.
SKY treasury firm SDEV surged another 104.37% to $7.48 as U.S. stocks closed higher, according to market data from BIT (bit.com) cited by BlockBeats on Oct. 3. The stock is now up 770% over the past month.
HTX data showed SKY token traded more steadily on the day, last changing hands at $0.087103, down 6.82% over 24 hours.
SDEV had traded at a discount earlier
BlockBeats said in a Sept. 28 report that SDEV’s mNAV was only 0.39 at the time. That implied SDEV’s stock market capitalization was equal to 39% of the market value of its SKY holdings.
According to that report, SDEV’s persistently low valuation was mainly driven by market concern that it could again raise capital through an at-the-market, or ATM, share issuance, diluting shareholder equity.
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