Investor Group Takes Majority Stake in MGT Capital, Converting $1.22M Note
MGTI filed a Ownership and Investor Activity on light trading volume (0.1× avg).
Summary
An investor group now holds a majority 51.87% stake in MGT Capital Investments after converting a $1.22 million note into common and preferred shares, consolidating control of the financially distressed company.
Key Events · Ownership and Investor Activity · MGTI
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Majority Ownership Acquired
An investor group, including Project Nickel LLC, DAXvest LLC, and Grady D. Kittrell, now beneficially owns 51.87% of MGT Capital Investments' common stock.
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Debt-to-Equity Conversion
The group converted a $1.22 million secured convertible promissory note into 750,131,126 common shares and 3,250,000 Series E Convertible Preferred Stock.
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Consolidated Control
This transaction, which was previously reported in a Form 4, results in a single investor group holding majority voting and dispositive power over the company.
Analysis · MGTI · Crypto Assets
An investor group led by Grady D. Kittrell, through Project Nickel LLC and DAXvest LLC, has acquired a 51.87% beneficial ownership stake in MGT Capital Investments. This majority control was achieved by converting a $1.22 million secured convertible promissory note into 750.1 million common shares and 3.25 million Series E Preferred Stock. This transaction, previously reported in a Form 4, significantly consolidates control of the company amidst its ongoing financial challenges, including a recent going concern warning.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 40.8% of the 314 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MGTI was trading at $0.00 on OTC in the Crypto Assets sector, with a market capitalization of approximately $7.7M. The 52-week trading range was $0.00 to $0.00. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.