No, as you've pointed ~OUTT MGTI does nott trade in concert with BTC, and that's because MGTI is an obvious scam runby and infested with career pennyscam crooks like ROBert Ladd, JOHN M. FIFE, and BARRY HONIG, anong other toxic financiers.
Read the 10-K. The huge wad of toxic FLOORLESS CONvertible debt is rolled over to 23 May 2019 and another tranche to December 2019. MGTI could not pay the December 2018, Jan 2019, and all subsequent payments that were due (nor the accrued interest) - so they renegotiated the toxic FLOORLESS CONvertible debt into two bundles - one is due 23 May 2019 and the other is due in December.
THAT is when the death spiral toxic debt floorless CONversions begin and will go into next year from the December 2019 tranche of CONvertible debt that comes due for CONversions and share issuances in December.
MGTI has little to nothing to do with the price of BTC, as the only thing going on is new heavily-discounted share issunances to carerr pennyscooks like JOHN M. FIFE and the upcoming death spiral from the toxic FLOORLESS CONvertible debt starting CONversions and dumpage next month.
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