NEW YORK (TheStreet) -- Shares of MGT Capital Investments (MGT) are popping by 10.24% to $1.40 on heavy trading volume Thursday morning, as the company acquired ownership interest in technology incubator Round House.
Round House offers co-working space, accelerator services and angel investment.
The acquisition of membership interest provides MGT with "valuable" pipeline, including equity in first aid kit start-up RecMed First Aid, the company said in a statement.
"Several companies within the Round House portfolio are cybersecurity related, offering MGT an early look into potentially disruptive technologies in file sharing, chat and other applications," the company added.
Harrison, NY-based MGT is engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space and social casino, through its subsidiaries.
About 14.25 million of MGT's shares were traded so far today compared to its average volume of 1.98 million shares per day.