Nigel Farage, the leader of Reform UK, has made a significant investment in the London-based bitcoin treasury company Stack BTC, acquiring a stake valued at 215,000 pounds (approximately $286,000). This investment is part of a fundraising initiative that also included participation from Blockchain.com.
Stack BTC announced that it raised a total of 260,000 pounds by issuing 5.2 million new shares at a price of 5 pence each. These shares are set to begin trading on the Aquis Growth Market starting March 12.
Through his company, Thorn In The Side Ltd., Farage will own 6.31% of Stack BTC upon the new shares’ admission. He has expressed his long-standing support for bitcoin and emphasized the importance of the U.K. establishing itself as a key player in the global cryptocurrency sector. His party has been actively courting the crypto community, even accepting donations in digital currencies.
“I have long been one of the UK’s few political advocates for Bitcoin,” Farage stated, highlighting the need for London to enhance its status as a hub for financial innovation.
Stack BTC is chaired by former Chancellor Kwasi Kwarteng, who noted that the investment aligns with the company’s strategy to build a portfolio of cash-generating U.K. businesses while accumulating bitcoin as a treasury asset. Currently, the firm holds 21 BTC.
In collaboration with Blockchain.com, Stack BTC plans to enhance its bitcoin treasury infrastructure and develop institutional-grade custody services. Following the announcement, Stack BTC’s shares saw a 12% increase, reaching 6.875 pence by 9:30 a.m. in London.
Nigel Farage has invested in Stack BTC, a U.K. bitcoin treasury firm, acquiring a 6.31% stake. The investment is part of a larger fundraising effort aimed at strengthening the company's position in the cryptocurrency market.