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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: Current Report Filing (8-k) 10/16/2017 05:31:02 PM
MGTI News: Amended Statement of Beneficial Ownership (sc 13d/a) 10/16/2017 02:24:35 PM
MGTI News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 10/13/2017 05:14:00 PM
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
#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
#28849   They are making money through bitcoin , and Hana3 10/20/17 05:29:56 PM
#28848   In there press release on here it says Beerholder 10/20/17 04:33:03 PM
#28847   in July or so, the amount of bitcoins jondoe 10/20/17 04:25:52 PM
#28846   Can't sell now . Hope we see 4 sometime Hana3 10/20/17 03:51:53 PM
#28845   The bleeding at MGTI you actually see in elkonig 10/20/17 03:13:59 PM
#28844   I agree but more important it appears the vanessapu 10/20/17 01:42:17 PM
#28842   Calculate how much you will have after rs Hana3 10/20/17 12:34:33 PM
#28841   Agree, maybe tweet jm , I do Hana3 10/20/17 12:32:42 PM
#28840   I'm not worried of that, as long as samick2014white 10/20/17 11:54:08 AM
#28839   It's Part of a grand plan to screw vanessapu 10/20/17 11:52:19 AM
#28838   What do you think about rs and dilution Hana3 10/20/17 11:41:33 AM
#28837   volume is not enter yet, I speculate $3 samick2014white 10/20/17 11:29:20 AM
#28836   Lol bitcoin is up so high , looks Hana3 10/20/17 11:27:23 AM
#28835   Is this real ? What's up ? Hana3 10/20/17 11:22:19 AM
#28834   adding, no brainer IMO $MGTI samick2014white 10/20/17 11:01:56 AM
#28833   My oh my. Johnny Rockets 10/20/17 10:58:14 AM
#28832   I believe in blockchain. Investing in companies involved Viky 10/19/17 04:49:19 PM
#28831   If the RS is to uplist instantly, might Full Contact Yoga 10/19/17 04:31:37 PM
#28830   WHAT? Theclintster 10/19/17 04:28:34 PM
#28829   Thats okay make those monthly payments but its leegy1984 10/19/17 04:23:22 PM
#28828   Oh my. Johnny Rockets 10/19/17 04:20:37 PM
#28827   Pain to watch this stock . Lol Hana3 10/19/17 04:13:15 PM
#28826 davidsson10 10/19/17 01:05:00 PM
#28825   LMAO! Utter Nonsense! But I am still loving MadHatter326 10/19/17 12:49:37 PM
#28823 Toninho 10/19/17 10:15:45 AM
#28822   Bitcoin up , MGTI has got be down. todd72113 10/19/17 09:09:18 AM
#28821   MGTI vs SANP(Bitcoin stocks comparisons) legalizeMJ 10/18/17 09:11:05 PM
#28820   I would be buying like crazy right now dreadlockcowboy 10/18/17 06:58:04 PM
#28819   This is toast. Blockchain is coming to big moneyjunkey 10/18/17 06:21:06 PM
#28818   $35 mill was not free. They have deallooker 10/18/17 06:10:32 PM
#28817   You have to be kidding what are doing vanessapu 10/18/17 03:58:53 PM
#28816   I sense a big dip coming, then rebound. MochaLatte 10/18/17 03:16:56 PM
#28814   What will MGTI do when Bitcoin crashes? Inorout 10/18/17 02:58:37 PM
#28812   Increasing the shares to 5x’s to current. I todd72113 10/18/17 12:50:47 PM
#28811   Not true they have a 35 million $ leegy1984 10/18/17 12:15:26 PM
#28810   It seams an R/S is less of a deallooker 10/18/17 11:11:33 AM
#28809   Great post that the kind of information we vanessapu 10/18/17 11:03:07 AM
#28807   MGTI NEEDS to maintain $4.00 a share for Scotttrader80 10/18/17 10:29:24 AM
#28806   Lots of negative post going on with the vanessapu 10/18/17 10:26:11 AM
#28805   Yes indeed, it could be a long way hobowilly 10/18/17 10:21:23 AM
#28804   A long way off? The filings read within Scotttrader80 10/18/17 09:20:26 AM
#28803   In my experience it's quite common here in hobowilly 10/18/17 05:07:42 AM
#28802   Bottom line, I talked with a couple if leegy1984 10/18/17 05:04:02 AM
#28801   It got the approval already but when it skwong 10/18/17 12:43:23 AM
#28800   What about the reverse split thats looming, what Scotttrader80 10/17/17 10:28:28 PM
#28799   Yup RickJames23 10/17/17 05:01:43 PM
#28798   Do we need a positive quarterly earnings report Miley06 10/17/17 02:52:27 PM
#28797   IMO the Bitcoin price is irrelevant if we deallooker 10/17/17 01:27:34 PM
#28796   You would think we would be on the hobowilly 10/17/17 12:53:25 PM
#28795   Uplisting will send this skyward. MochaLatte 10/17/17 11:22:59 AM