Angel Studios, Inc.

Angel Studios, Inc. is a media and entertainment company headquartered in Provo, Utah, dedicated to producing and distributing uplifting content. Founded in 2013 by brothers Neal and Jeffrey Harmon, it originated from a vision to empower audiences through crowdfunding, disrupting traditional Hollywood models. Its business model centers on a pay-it-forward system, where viewers fund projects to make them accessible to others. Core operations include developing films and series like The Chosen, leveraging a proprietary app for streaming, and partnering with theaters for global distribution, fostering community-driven storytelling.

The company adopts a Bitcoin treasury strategy, holding Bitcoin as a primary reserve asset to diversify its financial portfolio and preserve long-term value. This approach aligns with its innovative ethos, viewing Bitcoin as a hedge in corporate finance. Beyond treasury management, Angel Studios explores broader digital asset strategies, incorporating blockchain to enhance content distribution and fan engagement, positioning itself at the intersection of media and decentralized technology.

Led by CEO Neal Harmon, a pioneer in audience-funded entertainment, Angel Studios maintains a strong industry presence as a leader in faith-based and inspirational media, with millions of global supporters. Its leadership drives a mission of cultural impact through technology. By blending crowdfunding with digital finance, Angel Studios ensures enduring relevance in the evolving entertainment and fintech landscapes.

Date	BTC Balance	Change (BTC)	Cost Basis	Market Price	Stock Price
Mar 31, 2025	₿303.1	-1.1	—	—	—
Dec 31, 2024	₿304.2	4.2	—	—	—
Oct 15, 2024	₿300	300	$18.7M	$62,360	—

Date

BTC Balance

Change (BTC)

Cost Basis

Market Price

Stock Price

Mar 31, 2025

₿303.1

-1.1

—

Dec 31, 2024

₿304.2

4.2

—

Oct 15, 2024

₿300

300

$18.7M

$62,360

—

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