Sky: Quarterly operating expenses fell to $6.8 million, down from over $20 million a year earlier.

PANews October 16 news: Sky officially released a video in which founder Rune Christensen stated that Sky's operating expenses this quarter have dropped to $6.8 million, compared with more than $20 million a year ago.

According to the introduction, Sky's treasury management mechanism makes operating expenses more predictable and keeps them within a clear range, while continuing to support protocol security, maintenance, and development work.