mNAV

mNAV: 29.152×
Market cap: $761,965,782
Bitcoin value: $26,137,971

Market cap is price × shares above. Bitcoin value is 303 BTC × $86,235.47, the BTC/USD close on 2026-10-05.

mNAV is market capitalisation divided by the dollar value of the bitcoin held. It is stated here, not judged: a ratio above or below 1 says nothing about whether the shares should be bought, held or sold. mNAV, explained · All public bitcoin treasuries

Sources

Holdings · read 2026-10-04
Angel Studios Form 10-Q filed 2026-08-04 (period ended 2026-06-30): "As of June 30, 2026, we held an aggregate of approximately 303.1 bitcoin"
Listing · read 2026-10-04
Angel Studios Form 10-Q filed 2026-08-04 (period ended 2026-06-30), cover page: Class A common stock, trading symbol ANGX, registered on the New York Stock Exchange
Share count · read 2026-10-04
Angel Studios Form 10-Q filed 2026-08-04 (period ended 2026-06-30), cover page: 130,093,834 shares of Class A and 56,662,485 shares of Class B common stock outstanding as of July 31, 2026; the filing defines both classes together as its Common Stock (Class B carries ten votes) and states its holding per million shares of that Common Stock, so both are counted
Price · read 2026-10-05
Yahoo Finance chart data — ANGX regular-session close, 2026-10-02, USD

Acceptance

Admitted on 2026-10-05, pending review. Passes every rule: R1-HOLDINGS-SOURCE, R2-LISTING-VENUE, R3-SHARE-COUNT-SOURCE, R4-PRICE-OBSERVATION, R5-PRIMARY-ISSUER. Membership changes only at the quarterly review, so it enters the index at the close of 2026-12-31 and carries no weight until then.

An index is a measurement of a published universe. This page is information, not financial advice, and nothing on it is a recommendation to buy, hold or sell any security or asset.

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