iPower

Nasdaq: IPW · United States

15BTC

held as of 2026-10-01 · $1,414,094 market cap · 1.3M shares as of 2026-10-02 · 1.12 USD on 2026-10-02

The same filing states the bitcoin is held in a controlled account pledged under its financing documents. The share count is after the reverse splits of 2025-10-27, 2026-05-22 and 2026-08-07.

mNAV

mNAV: 1.085×
Market cap: $1,414,094
Bitcoin value: $1,303,470

Market cap is price × shares above. Bitcoin value is 15 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 2026-10-05
iPower Form 10-K filed 2026-10-02 (fiscal year ended 2026-06-30): "As of October 1, 2026, we held ..." table, "Bitcoin ... 15.11524045 BTC ... Held" in a controlled account
Listing · read 2026-10-05
iPower Form 10-K filed 2026-10-02 (fiscal year ended 2026-06-30), cover page: common stock, trading symbol IPW, registered on The Nasdaq Stock Market LLC
Share count · read 2026-10-05
iPower Form 10-K filed 2026-10-02 (fiscal year ended 2026-06-30), Item 5: "As of October 2, 2026 we had 29 holders of record of our common stock and 1,262,584 shares of common stock outstanding"
Price · read 2026-10-05
Yahoo Finance chart data — IPW 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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