October 22, 2012 2:20 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
MGT Capital Investments (NYSE: MGT), announced today that it hasentered into two agreements with various institutional investors providing$5.9 million of capital in support of the Company's strategy to monetizeintellectual property. The capital raise is comprised of the sale of $4.5million of Series A Convertible Preferred Shares (which include Warrants topurchase MGT common stock), plus a separate sale of $1.4 million of MGT CommonStock.Subject to the approval of NYSE MKT and other customary closing conditions,the Preferred Shares will be convertible into the Company's common stock at afixed price of $3.26 per share and carry a 6% dividend. The Warrants have afive-year life and are exercisable at $3.85 per MGT share; the Company willissue a total of 2.8 million Warrants in the deal. This transaction isexpected to close on or before October 26, 2012.This offering is being made in reliance upon the exemption from securitiesregistration afforded by Section 4(2) of the Securities Act of 1933, asamended, and Rule 506 of Regulation D, as promulgated by the United StatesSecurities and Exchange Commission under the 1933 Act.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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