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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
#28421   Exactly how does this connect to mgti? Jas 09/25/17 12:38:50 AM
#28420   NASDAQ and Citi announce Pioneering Blockchain and Global designed2outperform 09/24/17 04:52:24 PM
#28419   Amazon Will Accept Bitcoin By October. MochaLatte 09/24/17 04:13:48 PM
#28414   patience .... Patience CTS2016V 09/23/17 06:23:20 PM
#28413   There might be no sentinel or phone but Viky 09/22/17 07:12:22 PM
#28412   Yeah, great idea. hobowilly 09/22/17 05:53:10 PM
#28411   wow! Called it! Play the bounce from under MadHatter326 09/22/17 05:27:21 PM
#28410   Big days ahead. This will move in MochaLatte 09/22/17 05:15:29 PM
#28409   Call the sec if you want to waste RickJames23 09/22/17 03:33:22 PM
#28408   I highly recommend reporting MGT to the SEC. Info_Sec 09/22/17 01:59:19 PM
#28407  Restored Utter Nonsense! MadHatter326 09/22/17 01:41:39 PM
#28406   Until you can provide a published review stating Marco Polo II 09/22/17 12:51:54 PM
#28405   IM reading the PR it says the end RickJames23 09/22/17 12:13:01 PM
#28404   thats one review. there are other real IT RickJames23 09/22/17 12:11:56 PM
#28403   Products prepped for imminent launch dates. Don't MochaLatte 09/22/17 11:59:12 AM
#28402 user118x 09/22/17 10:04:41 AM
#28400   In 17 months not a single product launch. Info_Sec 09/22/17 09:04:48 AM
#28399   Cheers. MGTI now lives on the OTCQB MochaLatte 09/22/17 08:33:50 AM
#28398   What a stupid article. This guy is a penknee 09/22/17 08:28:18 AM
#28397   Fed said no rate hike but same leegy1984 09/22/17 03:46:17 AM
#28396   Soon to be launch cnbc sentinel leegy1984 09/22/17 03:43:39 AM
#28395 leegy1984 09/22/17 03:41:12 AM
#28392   The phone is with Sentinel - nowhere. shajandr 09/21/17 10:09:47 PM
#28391   It's already uplisted , check out the OTC Jas 09/21/17 09:06:03 PM
#28390   Where is that phone? Info_Sec 09/21/17 07:25:27 PM
#28389   What's with "MGTI being up listed"? They're on lineItemVeto 09/21/17 07:17:12 PM
#28388   Of course , Just as " MGTI will CTS2016V 09/21/17 06:55:21 PM
#28387   There is no Sentinel. Info_Sec 09/21/17 05:24:55 PM
#28386   Release Sentinel already! Flygy481 09/21/17 04:43:22 PM
#28385   Bryan Seely that's on Hacker Advisory Board Member Theclintster 09/21/17 04:22:59 PM
#28384   What I heard security is more important than vanessapu 09/21/17 04:13:38 PM
#28383   Hey you have a great day todd72113 09/21/17 03:32:46 PM
#28381   I personally don't care , You're the one who todd72113 09/21/17 03:27:25 PM
#28380   Google it. I don't have a link Marco Polo II 09/21/17 03:23:53 PM
#28379   Provide a link todd72113 09/21/17 03:18:25 PM
#28377   So cryptocurrency is extremely weak at its most lineItemVeto 09/21/17 02:39:40 PM
#28375   Yea, big money says it was faked lineItemVeto 09/21/17 02:35:28 PM
#28374   Is there a recovery program if cryptocurrency gets lineItemVeto 09/21/17 02:34:11 PM
#28373   Sounds interesting. Thanks for the heads-up!! hobowilly 09/21/17 02:05:59 PM
#28372   No hacker from the advisory board talking about sentinel guyinairforce 09/21/17 02:00:40 PM
#28371   Not yet.. but citibank is determining how to Marco Polo II 09/21/17 01:55:43 PM
#28370   Strictly my opinion but highly likely , do todd72113 09/21/17 01:43:12 PM
#28368   Is that your opinion or do you have Marco Polo II 09/21/17 01:36:34 PM
#28367   McAfee? hobowilly 09/21/17 01:35:09 PM
#28366   Yes sir leegy1984 09/21/17 01:33:38 PM
#28365   MGTI will be on CNBC today at 3 guyinairforce 09/21/17 01:29:10 PM
#28363   A buyer in Austin, Texas, just purchased a Marco Polo II 09/21/17 01:28:25 PM
#28362   Exactly.... fine him and revoke his licenses... Marco Polo II 09/21/17 01:26:07 PM
#28361   JP Morgan’s chief executive, Jamie Dimon, might be Marco Polo II 09/21/17 01:19:29 PM
#28359   Visa will never convert to bitcoin neither will todd72113 09/21/17 12:57:10 PM