MGT Capital Investments Inc. (MGTI)

[MagicCap]

Tom Lee recommends MGI. Big deal b/c Tom Lee is one of the most well respected equity analysts in the market.

https://www.barrons.com/articles/12-ways-to-play-bitcoinwithout-buying-bitcoin-1512747537

Thomas Lee, bitcoin bull and managing partner of Fundstrat, published a note Friday morning highlighting 12 stocks that benefit from bitcoin gains, transaction activity, and mining. An equal-weighted basket of these stocks is up 135% year-to-date, writes Lee. Of course, that's nowhere near the 1,685% appreciation of bitcoin.

Among names that stand to gain the most from bitcoin price moves is Bitcoin Investment Trust (GBTC), which is down about 6% so far this morning, according to Morningstar. Others include mining companies that authenticate transactions, maintaining network security via computing power. Of those, he likes MGT Capital Investments (MGTI), a miner owned by McAfee based in Washington that is apparently leasing farmers' utility rights to get power at wholesale cost. "With 5,000 rigs, MGT Capital will be a major miner," says Lee.