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MGT Capital Investments Inc. (MGTI)

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TeraExchange recently launched the first and only U.S. regulated trading platform for bitcoin swap contracts. By offering a bitcoin derivative product with regulatory structure and controls, TeraExchange created an exciting opportunity for institutional investors to confidently participate in bitcoin the marketplace



HARRISON, N.Y., Feb. 27, 2015 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that it has entered into a Letter of Intent ("LOI") with Tera Group, Inc., ("Tera") owner of TeraExchange, LLC, a Swap Execution Facility regulated by the Commodity Futures Trading Commission ("CFTC").  Pursuant to the LOI, both companies will work diligently to finalize and execute a definitive agreement by March 16, 2015.

MGT will then file a combination S-4 Prospectus and Proxy Statement with the Securities and Exchange Commission.  Under the contemplated terms of the agreement, and subject to stockholder approval, MGT will issue shares of its common stock to the current owners of Tera, representing 70% of the pro forma equity of the combined companies at closing.

Tera has played a leading role in the development of bitcoin derivatives. In September 2014, Tera launched on TeraExchange the first regulated Bitcoin derivative products, and a spot Bitcoin price index.  Trading of USD/Bitcoin derivatives is subject to the rules and regulations of TeraExchange and the CFTC.  The Tera Bitcoin Price Index ("TeraBit") employs a dynamic algorithm that compiles and filters data on a real-time basis from a number of widely utilized global Bitcoin spot exchanges.  The TeraBit Index will be used as the settlement rate for USD/Bitcoin derivatives transactions.  

"Growing consumer and merchant adoption of bitcoin is driving demand for regulated capital markets solutions. By combining with MGT, Tera will create a unique public offering to support the essential infrastructure needed for a vibrant global bitcoin ecosystem," said Christian D. Martin, Chairman, Chief Executive Officer and Co-Founder of Tera.

"The proposed merger with Tera gives immediate and future value to our stockholders, while creating a robust platform for the growth of the industry's first publicly listed bitcoin derivatives exchange," said H. Robert Holmes, Chairman of MGT's board of directors, "The Bitcoin industry attracted over $400 million of investment capital from some of the world's most prominent investors over the past 12 months; we see our move today as further progress in the broader adoption of the industry."

Tera is led by a talented management team with a combined 47 years of experience in capital markets and derivative products, 43 years in legal and regulatory, and 46 years in technology development and engineering.

Mr. Martin spent more than 20 years in senior trading and management positions at Merrill Lynch and Bank of America, where he was responsible for global trading desks of interest rates, credit, and financing - securities lending transactions.

President, COO and Co-Founder Leonard T. Nuara was formerly a shareholder in the international law firm of Greenberg Traurig LLP.  Prior to that, he was Chair of the Technology and Intellectual Property Group at Thacher Proffitt & Wood LLP.  He is a nationally recognized leader in the technology and intellectual property fields.

Chief Commercial Officer John Maguire spent 18 years at Goldman Sachs, where he held various roles, including interest rate and cross asset derivative sales, marketing, and business development. Mr. Maguire is also the former Global Head of Trading at Bridgewater Associates, the largest hedge fund in the world.

Source Capital Group, Inc. acted as sole financial advisor to Tera Group.

About MGT Capital Investments, Inc.
MGT Capital and its subsidiaries operate social and real money gaming sites online and in the mobile space, including ownership of the 3rd largest daily fantasy sports wagering platform,  The Company also offers games of skill through and social casino games with SlotChamp™, and also operates an online portal for fantasy sports news and commentary,  MGT also launched Daily Fantasy Legend in partnership with Facebook to become the First Daily Fantasy Platform on Social Media.  In addition, the Company owns intellectual property relating to slot machines and has asserted its claims via patent infringement lawsuits.

About Tera Group, Inc.
Tera Group owns TeraExchange LLC, a Swap Execution Facility (SEF) regulated by the Commodity Futures Trading Commission and provides market participants with access to Bitcoin derivatives, interest rate swaps, credit default swaps and non-deliverable forwards.  TeraExchange is a global pioneer in the derivatives marketplace and provides a multi-asset class platform for trading of an array of financial instruments.
















"On Tuesday, McAfee told CNNMoney he's lost everything. Only a tiny fraction of his one-time $100 million net worth survived the 2008 market crash. But his fortunes really took a hit in 2012, when McAfee fled Belize police who aggressively sought him for questioning on the death of his neighbor.

The government raided his jungle compound and seized everything inside. The buildings on McAfee's property later burned down under suspicious circumstances.

"Everything I owned was in Belize. I left with nothing in my pocket," he said.

McAfee said most of his remaining riches were in the vast art collection he left behind. He claims that the Belize government auctioned off many of his belongings, but his art pieces never showed up.

McAfee is now living in an apartment in Montreal, Canada, with his wife Janice. He's getting by on consulting work -- shelling out advice to firms on acquisitions, technology and internal restructuring."

Actual unretouched selfie of John McAfee - seriously!

"Known for his outspokenness and getting himself into a spot of trouble, John McAfee is certainly a colourful character in the tech industry. Since he became a suspect in the death of his neighbour in Belize back in 2012, McAfee has been arrested for driving under the influence with a handgun, revealed he is running for President, and released a bizarre video featuring scantily clad women, ‘bath salts’ and a guide on how to uninstall McAfee Antivirus." -

Trailer for Showtime documentary "Gringo: The Dangerous Life of John McAfee" -

MGT changed to MGTI, and delisted from the NYSE Amex to the OTC.:

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MGTI News: Amended Statement of Ownership (sc 13g/a) 02/14/2017 05:59:37 PM
MGTI News: Current Report Filing (8-k) 01/27/2017 05:21:49 PM
MGTI News: Current Report Filing (8-k) 01/09/2017 05:31:26 PM
MGTI News: Current Report Filing (8-k) 11/21/2016 03:43:06 PM
MGTI News: Statement of Changes in Beneficial Ownership (4) 11/18/2016 04:12:31 PM
#21774  Sticky Note He blames shorts, Investors Hub and Social Media. Info_Sec 12/07/16 03:54:02 PM
#23048   Always next week...never comes elvisonfire 02/17/17 04:39:43 PM
#23047   Have a good weekend skwong 02/17/17 02:44:45 PM
#23046   Maybe next week.... CantonG 02/17/17 02:44:01 PM
#23045   What happened with the news? skwong 02/17/17 02:43:23 PM
#23044   This is looking quite good, thinking about taking afterhoursearnings 02/17/17 12:18:12 PM
#23043   . Got any EVIDENCE to prove MadHatter326 02/16/17 11:59:45 AM
#23042   Awesome GREEN! MOVING ON UP!! CantonG 02/16/17 11:39:15 AM
#23040   MGTI STILL nott shipping anything - typical Johnny shajandr 02/16/17 01:35:38 AM
#23039   Comparing John McAfee / MGT lies Info_Sec 02/15/17 11:47:27 PM
#23038   Excellent post!!! Info_Sec 02/15/17 10:41:28 PM
#23037   I haven't followed this in a long time. TradeTraderson 02/15/17 09:09:37 PM
#23034   Utter Nonsense! MadHatter326 02/15/17 03:57:11 PM
#23033   What is the limiting factor on bitcoin mining? JDSK9 02/15/17 12:40:50 PM
#23032   More like a strip mall. pie777 02/15/17 12:38:26 PM
#23031   Multiple business at that location, sorry. Huge warehouse. Confirmed. CantonG 02/15/17 12:35:51 PM
#23030   That's interesting about The Road House. Thanks nodummy 02/15/17 12:34:53 PM
#23029   Yes, that was the aerobics center in Washington pie777 02/15/17 12:34:06 PM
#23028   Does Ford Motor Co. give an address for CantonG 02/15/17 12:27:34 PM
#23027   The press releases are lies. pie777 02/15/17 12:21:22 PM
#23026   What is the limiting factor on bitcoin mining? JDSK9 02/15/17 12:14:52 PM
#23025   How in the hell is the Washington mine JDSK9 02/15/17 12:11:51 PM
#23024   MGTI<>Fraud CantonG 02/15/17 12:10:00 PM
#23023   MGTI = FRAUD pie777 02/15/17 12:03:27 PM
#23022   More hammock droppings for you to eat is diduknow 02/15/17 10:48:08 AM
#23021   Two significant Developments Info_Sec 02/15/17 10:17:53 AM
#23020   Two significant developments are imminent Selenelion7722 02/15/17 09:34:45 AM
#23019   Iroquois Capital had no faith in MGT. Info_Sec 02/15/17 05:42:50 AM
#23018   Got any EVIDENCE to prove that claim that shajandr 02/15/17 12:28:03 AM
#23017   What does that have to do with MGTI? CantonG 02/14/17 11:50:21 PM
#23016   haha. that is from 2014 and they iroquois RickJames23 02/14/17 11:04:12 PM
#23013   Iroquois Capital Delivers Letter to MGT Info_Sec 02/14/17 08:57:53 PM
#23012   Based on WHAT evidence? Link? shajandr 02/14/17 08:42:11 PM
#23011   Iroquois gone bye bye. 2 out of CantonG 02/14/17 08:22:42 PM
#23010   Iroquois Capital again lineItemVeto 02/14/17 08:00:37 PM
#23009   Nonsense, complete baseless crap that was tried 6 MadHatter326 02/14/17 03:26:02 PM
#23004   Sorry, but links to other posts are not MadHatter326 02/14/17 03:15:42 PM
#23003   SEC lawsuits and DOJ indictments take time. Be shajandr 02/14/17 02:42:33 PM
#23002   Patiently waiting for news to drop! netcase 02/14/17 02:26:17 PM
#23001   How is that nonsense . There's a link todd72113 02/14/17 02:00:04 PM
#23000   Sit under his hammock boys. Finance his next diduknow 02/14/17 12:45:31 PM
#22998   or most likely a few weeks RickJames23 02/14/17 12:19:07 PM
#22997   Great read, and a great find by NoDummy. penknee 02/14/17 12:14:30 PM
#22996   Oh god. That could take years OlivePennys 02/14/17 11:42:03 AM
#22995   Mcafee is obviously waiting for the Intel settlement RickJames23 02/14/17 11:32:45 AM
#22994   Complete Nonsense! MadHatter326 02/14/17 10:20:49 AM
#22993   Is there ever going to be technical news? OlivePennys 02/14/17 09:14:05 AM
#22992   Now you know why D-Vasive has been silent Info_Sec 02/14/17 09:12:49 AM
#22991   nodummy Monday, 02/13/17 06:50:59 PM shajandr 02/14/17 07:56:09 AM
#22990   Sure man todd72113 02/13/17 11:20:57 PM
#22989   Utter Nonsense! MadHatter326 02/13/17 11:18:18 PM