MGT Capital Investments (MGTI) Form 3 MGT CAPITAL INVESTMENTS / Grady Kittrell ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Kittrell Grady

(Last) (First) (Middle)

1310 CORDOVA ROAD

(Street)

FORT LAUDERDALE FL 33316

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2024

3. Issuer Name and Ticker or Trading Symbol
MGT CAPITAL INVESTMENTS, INC. [ MGTI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,350,000,000(1)	I	By Project Nickel LLC(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D Convertible Preferred Stock	(3)	(3)	Common Stock	650,000,000	0	I	By Project Nickel LLC(2)

1. Name and Address of Reporting Person^*

Kittrell Grady

(Last) (First) (Middle)

1310 CORDOVA ROAD

(Street)

FORT LAUDERDALE FL 33316

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Project Nickel LLC

(Last) (First) (Middle)

1310 CORDOVA ROAD

(Street)

FORT LAUDERDALE FL 33316

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DAXvest LLC

(Last) (First) (Middle)

1310 CORDOVA ROAD

(Street)

FORT LAUDERDALE FL 33316

(City) (State) (Zip)

Explanation of Responses:

1. The reporting persons Grady D. Kittrell and DAXvest LLC disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interest therein.

2. These shares are owned directly by Project Nickel LLC, a ten percent owner of the issuer, and indirectly by Grady D. Kittrell, the sole member and manager of DaxVest LLC, the managing member of Project Nickel LLC. Grady D. Kittrell is a ten percent owner of the issuer.

3. Each share of Series D convertible preferred stock is convertible into common stock at any time on a one-for-one thousand basis with no expiration.

	/s/ Grady D. Kittrell	11/08/2024
	/s/ Grady D. Kittrell, Manager, on behalf of Project Nickel LLC	11/08/2024
	/s/ Grady D. Kittrell, Sole Member, on behalf of DAXvest LLC	11/08/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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