Cumulative gain of 770% over the past month, SKY treasury company SDEV rises another 104.37%

Odaily News: U.S. stocks closed higher yesterday, with SKY treasury company SDEV surging 104.37% to $7.48, bringing its cumulative gain over the past month to 770%. The SKY token traded relatively flat today, currently at $0.087103, down 6.82% over 24 hours. A September 28 article noted that SDEV's mNAV at the time was 0.39, meaning its stock market cap was equivalent to 39% of the SKY it held; its persistently low valuation was mainly attributed to market concerns over the company conducting another ATM offering to raise capital and dilute equity.