SKY completed a realignment of its business in early 2026 by focusing on digital assets within open digital financial networks.
The company raised $25,000,000 in cash and over $109 million in SKY tokens and stablecoins through a private placement.
SKY aims to acquire and hold digital assets for long-term value, with a primary focus on SKY, the protocol token of the decentralized Sky network.
Private Placement Completion
On January 16, 2026, SKY completed a private placement, receiving funds in cash and SKY tokens for strategic investments.
Digital Asset Strategy Focus
SKY's strategy is centered on acquiring and holding select digital assets, primarily focusing on SKY for its revenue-generating potential.
SKY's Initial Holdings
As of the private placement, SKY held 943,599,688.812 SKY tokens, with SKY being the sole approved digital asset by the advisory committee.
- SKY's shift towards digital assets indicates a strategic move towards participating in open digital financial networks.
- The focus on SKY tokens and stablecoins showcases a strong belief in the revenue-generating potential of digital assets.
SKY's strategic realignment towards digital assets, particularly SKY tokens, positions the company for potential growth and revenue generation in the evolving digital financial landscape.