Gain Mining

SAFE financing and conversion

Post-Money SAFE
SAFE (post-money)
SAFE total raise $2,500,000 Holders
Valuation cap $12,500,000 US Bitcoin
"Company Capitalization" 11,875,000 25Madison
Conversion price 1.0526 Benjamin Holloway
Conversion shares 2,375,071 Grant Silow
Eduardo Fonseca
SAFE (pre-money) Matthew Berberian
SAFE total raise $2,500,000 Sara Garson
Valuation cap $12,500,000 Merrill Anovick
"Company Capitalization" 10,606,541 Julia Sigal
Conversion price 1.1785 Series Seed-1 (SAFE post-$ conversion)
Conversion shares 2,121,341 Seed-2 (new $)
Option Pool
Priced Round Promised
Raise $10,000,000 Available
Pre-$ Valuation $50,000,000 Increase
Pre-$ shares 10,606,541 Total
Price per share $4.7141
New $ shares 2,121,295

Option Pool
Post-$ available pool 10%
Option pool increase (post-$ SAFE) 1,106,541
Option pool increase (pre-$ SAFE) 1,078,348

$20,000

2%
 Pre-Money SAFE

Pre-$ Shares Pre-$ % Post-$ Shares Post-$ % Holders

4,037,500 38.07% 4,037,500 26.73% US Bitcoin
3,871,965 36.51% 3,871,965 25.64% 25Madison
1,021,250 9.63% 1,021,250 6.76% Benjamin Holloway
80,750 0.76% 80,750 0.53% Grant Silow
28,262 0.27% 28,262 0.19% Eduardo Fonseca
20,187 0.19% 20,187 0.13% Matthew Berberian
12,112 0.11% 12,112 0.08% Sara Garson
12,112 0.11% 12,112 0.08% Merrill Anovick
12,112 0.11% 12,112 0.08% Julia Sigal
- 0.00% 2,375,071 15.73% Series Seed-1 (SAFE pre-$ conversion)
- 0.00% 2,121,295 14.05% Seed-2 (new $)
1,510,291 14.24% 1,510,291 10.00% Option Pool
- 0.00% - 0.00% Promised
403,750 3.81% 403,750 2.67% Available
1,106,541 10.43% 1,106,541 7.33% Increase
10,606,541 100.00% 15,102,907 100.00% Total

2 3 4 5 6 7

$ 20,400 $ 20,808 $ 21,224 $ 21,649 $ 22,082 $ 22,523

Pre-$ Shares Pre-$ % Post-$ Shares Post-$ %
4,037,500 38.07% 4,037,500 27.24%
3,871,965 36.51% 3,871,965 26.12%
1,021,250 9.63% 1,021,250 6.89%
80,750 0.76% 80,750 0.54%
28,262 0.27% 28,262 0.19%
20,187 0.19% 20,187 0.14%
12,112 0.11% 12,112 0.08%
12,112 0.11% 12,112 0.08%
12,112 0.11% 12,112 0.08%
- 0.00% 2,121,341 14.31%
- 0.00% 2,121,295 14.31%
1,482,098 13.97% 1,482,098 10.00%
- 0.00% - 0.00%
403,750 3.82% 403,750 2.72%
1,078,348 10.19% 1,078,348 7.28%
10,578,348 99.73% 14,820,984 100.00%

8 9 10 11 12 13 14 15

$ 22,974 $23,433 $ 23,902 $24,380 $ 24,867 $ 25,365 $ 25,872 $ 26,390

 16 17 18 19 20 21 22

$ 26,917 $ 27,456 $ 28,005 $ 28,565 $ 29,136 $ 29,719 $ 30,313

 23 24 25 26 27 28 29

$ 30,920 $ 31,538 $ 32,169 $ 32,812 $ 33,468 $ 34,138 $ 34,820

 30 31 32 33 34 35 36

$ 35,517 $ 36,227 $ 36,952 $ 37,691 $ 38,445 $ 39,214 $ 39,998