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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.:

Who is the face of Future Tense? Janice Dyson, John McAfee's hooker and career criminal.
"McAfee's girlfriend, Janice Dyson, is a former stripper and prostitute. They first met in Miami.

JANICE DYSON:    He was visiting and from Belize. I met him on South Beach. He was at the cafe, having a cup of coffee and I'd walk by with my girlfriend and when he saw my butt he said that he had to know who I was and so he told me I have the finest ass in Miami,  which..."

18 April 2017 - MGTI becomes DELINQUENT FILER and earns OTC Markets STOP SIGN.


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MGTI News: Statement of Ownership (sc 13g) 09/14/2017 04:01:50 PM
MGTI News: Current Report Filing (8-k) 09/12/2017 04:11:40 PM
MGTI News: Public Companies Taking Part in the Cryptocurrency Evolution 09/07/2017 08:45:00 AM
MGTI News: Current Report Filing (8-k) 09/06/2017 03:37:39 PM
MGTI News: Statement of Changes in Beneficial Ownership (4) 09/01/2017 05:11:48 PM
#28112  Sticky Note $$$ MGTI $$$ Lots of money made here THE_BAMFACTSTER!! 09/13/17 09:15:51 AM
#27474  Sticky Note MGTI is the next CHKP VRSN and AAPL 3DYOGI 09/02/17 03:12:15 PM
#26627  Sticky Note New 8k. MGT takes on $2,410,000 in convertible penknee 08/28/17 08:26:52 PM
#26077  Sticky Note Bath Salts Johnny RESIGNS as CEO from pennyscam MGTI. shajandr 08/22/17 06:17:43 PM
#28308   What's up with opening down .35? Tryntomakeadollar 09/19/17 09:37:36 AM
#28307   L2s suspicious barttt 09/19/17 09:35:59 AM
#28306   MGTI and ENVV. More good news to come. biotechnician 09/19/17 09:03:53 AM
#28305 Read this om t leegy1984 09/19/17 05:12:35 AM
#28304   Correct. Short "volume"s MM Intra-day order processing....filling orders Homebrew 09/18/17 11:34:33 PM
#28303   Short volume is meaningless. Short interest is what matters. penknee 09/18/17 11:29:48 PM
#28302   I joined here lately and thought this is Viky 09/18/17 09:56:32 PM
#28301   Yes Take a look designed2outperform 09/18/17 08:24:43 PM
#28300   Quite a progression from Scary no reporting Pink quikfix 09/18/17 07:57:42 PM
#28299   Just as long as they are getting sucked GOLDBUFFALO 09/18/17 07:39:07 PM
#28298   Sceptics are coming out of the woodwork. If todd72113 09/18/17 07:33:17 PM
#28296   Short positions are gonna get burned here GOLDBUFFALO 09/18/17 07:06:37 PM
#28294   Yes. Correct. L2 is selling but not dumping. designed2outperform 09/18/17 06:18:13 PM
#28292   * * $MGTI Video Chart 09-18-17 * * ClayTrader 09/18/17 05:09:27 PM
#28291   Two more days of large t-trades. Is that penknee 09/18/17 04:27:05 PM
#28290   I wonder how the Ethereum Project is coming Johnny Rockets 09/18/17 03:47:57 PM
#28289   I'm still standing by my call to trade Johnny Rockets 09/18/17 02:50:46 PM
#28287   I can't tell anyone enough how happy I Johnny Rockets 09/18/17 02:42:06 PM
#28286   Hmmm.... Tomorrow should be an interesting day. Johnny Rockets 09/18/17 02:39:47 PM
#28285   He surely did. fatcat2 09/18/17 01:22:09 PM
#28283   $$$$ MGTI MAKING it so EAZY to make THE_BAMFACTSTER!! 09/18/17 11:44:45 AM
#28282   Very happy to OTCQB MGTI looking nice leegy1984 09/18/17 11:43:03 AM
#28280   Uplisting, com' on, still on the OTC not lineItemVeto 09/18/17 11:16:47 AM
#28278   In response to your question....Seems like Ladd proved Marco Polo II 09/18/17 11:14:33 AM
#28277   MGT Capital Announces Up-Listing to OTCQB hobowilly 09/18/17 09:35:46 AM
#28276   Draw a fib retrace using the breakout Imperial Whazoo 09/18/17 09:28:41 AM
#28275   This thing is a snowball rolling down Mt. hobowilly 09/18/17 08:51:08 AM
#28274   Like a Phoenix! uvx99 09/18/17 08:42:33 AM
#28273   it appears the BTC traders are ignoring the realfast95 09/18/17 08:41:40 AM
#28272   No stop sign. lol. Are we talking the trader01117 09/18/17 08:39:51 AM
#28271   If they've uplisted, why hasn't the stop sign Jas 09/18/17 05:39:12 AM
#28270   When was the uplisting? Was it PR'd hobowilly 09/18/17 05:38:22 AM
#28269   It is blatant Bitcoin market manipulation on the hobowilly 09/18/17 05:36:23 AM
#28268   Sorry i didnt responds sooner, i was celebrating leegy1984 09/18/17 05:29:59 AM
#28267   Okay now I'm seeing it on the OTC sneakerhead253 09/18/17 04:55:42 AM
#28266   Where did you see this? sneakerhead253 09/18/17 04:38:46 AM
#28265   Uplisted to OTCQB. Shorts going to lose a RickJames23 09/18/17 01:51:47 AM
#28263   Sentinel coming RickJames23 09/17/17 03:19:42 PM
#28262  Restored Exactly, Jamie Dimon is a world class POS. hobowilly 09/17/17 01:56:25 PM
#28261   Days after JPMorgan Chase & Co. CEO Jamie Marco Polo II 09/17/17 11:27:56 AM
#28259   Gandham also said bitcoin really needs to get Scotttrader80 09/16/17 11:05:16 PM
#28253   'Marco Polo II'; yes I agree, lack-of-facts and lineItemVeto 09/16/17 02:32:28 PM
#28249   Can RobertLadd prove mgti is involved in bitcoin? lineItemVeto 09/16/17 02:08:56 PM
#28247   These guys have few subs. Recent filings mention designed2outperform 09/16/17 01:05:54 PM
#28245   Did you find MGTI registered to-do-business in Washington state? lineItemVeto 09/16/17 12:48:32 PM
#28244   Neither the State of Washington nor any agency, Marco Polo II 09/16/17 09:26:30 AM
#28240 3712 designed2outperform 09/15/17 08:25:34 PM
#28238   * * $MGTI Video Chart 09-15-17 * * ClayTrader 09/15/17 04:58:33 PM
#28237   They will put out a PR once they deallooker 09/15/17 04:54:51 PM
#28236   You have a link to Washington state registration? lineItemVeto 09/15/17 04:37:52 PM