Stablecoin Development Corp
NovaBay Pharmaceuticals, Inc. has shifted from a pharmaceutical business to a digital asset treasury strategy focused on acquiring and holding digital assets, initially SKY, the protocol token of the decentralized Sky network. The company’s strategy includes long-term holdings intended to participate in protocol… From the company’s description.
In fiscal 2025, Stablecoin Development Corp reported a net loss of $630.78M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Stablecoin Development Corp does
In the company’s own words
NovaBay Pharmaceuticals, Inc. has shifted from a pharmaceutical business to a digital asset treasury strategy focused on acquiring and holding digital assets, initially SKY, the protocol token of the decentralized Sky network. The company’s strategy includes long-term holdings intended to participate in protocol economics, with possible sales for corporate purposes and evaluation of financing or liquidity opportunities referencing its assets. The Sky network is a blockchain-based protocol built around the USDS stablecoin and deployed on Ethereum. NovaBay received approximately 943.6 million SKY in a January 2026 private placement and subsequently acquired approximately 1.1 billion additional SKY through March 16, 2026. It holds digital assets through third-party custody and infrastructure providers. Its former pharmaceutical business developed and sold eyecare, wound care and skin care products, including Avenova, PhaseOne, NeutroPhase and DERMAdoctor; it sold or divested these businesses and brands during 2025 and exited its remaining China wound care activity. NovaBay had four employees at December 31, 2025. Its website is www.novabay.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Finance Services
- Headquarters
- WEST PALM BEACH, FL
- Fiscal year end
- December
- CIK
- 1389545
- SIC
- 6199
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Stablecoin Development Corp — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Stablecoin Development Corp’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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