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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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Current Price
Bid Ask Day's Range
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
MGTI News: Amended Quarterly Report (10-q/a) 11/17/2016 06:05:08 AM
MGTI News: Current Report Filing (8-k) 11/03/2016 06:22:13 AM
MGTI News: (25-NSE/A) 11/01/2016 10:39:32 AM
#21684 If Trump reacts, it will! FlyingBird 12/06/16 01:33:03 AM
#21683   Extremely disappointed! Does it matter if we got skwong 12/06/16 01:31:45 AM
#21682   Will tomorrow be flat? its been a ronshappy 12/05/16 11:59:14 PM
#21681   Things have been pretty flat after the fall. lineItemVeto 12/05/16 11:58:35 AM
#21680   We can always depend on dumb and dumber Info_Sec 12/05/16 01:12:56 AM
#21679   Man, the Genesis CEO must be real upset CantonG 12/04/16 11:08:29 PM
#21678   Nah!, time to buy before all the big MadHatter326 12/04/16 10:57:31 PM
#21677   Charts, Trends, Time to Dump and save your pennies. Info_Sec 12/04/16 05:39:36 PM
#21676   Slow day, what? lineItemVeto 12/03/16 05:52:22 PM
#21674   Down today...again...down for the for the month...down elvisonfire 12/02/16 04:55:00 PM
#21673   Bitmain has not joint ventured with MGT. Info_Sec 12/02/16 04:45:14 PM
#21672   yeah MGT has nothing to offer yet Bitmain RickJames23 12/02/16 04:34:33 PM
#21671   MGT is a very small fish in a Info_Sec 12/02/16 04:30:54 PM
#21670   India is only the second most populous nation Selenelion7722 12/02/16 03:36:45 PM
#21669   We are the MJ of Bitcoin stocks, watch CantonG 12/02/16 03:26:32 PM
#21668   It takes one theft or mistake for Bitcoin Info_Sec 12/02/16 03:26:30 PM
#21667   Holy crap. Bitcoin price is skyrocketing. MGT is RickJames23 12/02/16 03:19:50 PM
#21665   Price of Bitcoin up over 25% since MGTI Selenelion7722 12/02/16 01:53:09 PM
#21663   Dang! Nice jump! GREEN!! CantonG 12/02/16 01:39:13 PM
#21662   Suuuurrrreeee they are todd72113 12/02/16 01:34:20 PM
#21661   Eric Anderson Chose Defcon over a job. Info_Sec 12/02/16 01:30:12 PM
#21660   Funny as Steve Jobs was booted from Apple MadHatter326 12/02/16 01:27:56 PM
#21659   Eijah doesn't seem to be too smart. Why lineItemVeto 12/02/16 01:18:04 PM
#21658   Utter Nonsense, as it has traded at this MadHatter326 12/02/16 01:16:15 PM
#21657   Wronggg! Has traded here and bounced into the $1.40s MadHatter326 12/02/16 01:03:42 PM
#21656   Nutter Unsense - this is tanking. Info_Sec 12/02/16 12:31:36 PM
#21654   "Don't buy or sell short. Not rocket science." pie777 12/02/16 12:25:27 PM
#21651   Lol...everyone knows that what has happened to a elvisonfire 12/02/16 11:57:32 AM
#21650   FALSE, what makes one more pertinent than the MadHatter326 12/02/16 10:54:53 AM
#21649   Dead stock cheche770 12/02/16 10:06:13 AM
#21648   What is false about my statement? is down elvisonfire 12/02/16 02:16:08 AM
#21647   How is down 80% not a crash..where is elvisonfire 12/02/16 02:12:40 AM
#21645   Poor Confused Eijah Eric Anderson of MGT Info_Sec 12/02/16 01:17:48 AM
#21644   Good point, kind of silly to think a MadHatter326 12/01/16 05:42:45 PM
#21643   Can't wait OlivePennys 12/01/16 05:16:05 PM
#21641   What do you call a stock that has elvisonfire 12/01/16 04:22:22 PM
#21640   A crash holds 1.20 for 6 weeks on RickJames23 12/01/16 04:05:40 PM
#21639   It will be Hyped up PR Monday Info_Sec 12/01/16 03:21:43 PM
#21638   Actually FALSE, if it started at or around MadHatter326 12/01/16 03:10:39 PM
#21636   Its not has crashed...most stocks dont go elvisonfire 12/01/16 02:44:22 PM
#21635   Cratoring 80 plus pecent is not a elvisonfire 12/01/16 02:43:04 PM
#21634   "devices and software to protect the companies that shajandr 12/01/16 01:48:28 PM
#21633   can you point to me this magical stock RickJames23 12/01/16 11:24:57 AM
#21632   You are always right about Weak PR Friday. Info_Sec 12/01/16 11:20:25 AM
#21631   PPS looks like it's headed to 'weak_PR_Friday'. lineItemVeto 12/01/16 11:13:48 AM
#21630   John McAfee eats a lot of chocolate. Info_Sec 12/01/16 11:09:29 AM
#21629   Nutter unsense MadHatter326 12/01/16 11:06:06 AM
#21628   Nutter unsense, BUYER BEWARE this is a buy lineItemVeto 12/01/16 10:54:48 AM
#21627   Utter Nonsense! MadHatter326 12/01/16 10:25:28 AM
#21626   If someone's coming to flash 50k shares on Kgs68 12/01/16 09:39:28 AM