Reform UK Leader Nigel Farage Backs Bitcoin Firm Stack BTC

Nigel Farage has invested in the bitcoin focused company Stack BTC as the Reform UK leader continues to deepen his support for the crypto industry.

Key Takeaways

• Nigel Farage invested in Stack BTC, a United Kingdom bitcoin treasury company that is building a bitcoin reserve while acquiring British businesses.
• The company raised 260,000 pounds through a new share sale, with participation from Farage and Blockchain.com.
• Stack BTC recently purchased 21 BTC worth about 1.5 million dollars as part of its treasury strategy.
• The move highlights growing ties between politics and the crypto sector in the United Kingdom.

What Happened?

Reform UK leader Nigel Farage has invested in Stack BTC, a London listed bitcoin treasury company chaired by former Chancellor Kwasi Kwarteng. The investment was made during a new equity fundraising round that also included participation from Blockchain.com.

The company plans to use the funds to expand its bitcoin treasury holdings and acquire cash generating British businesses, positioning itself as part of a growing trend of public companies holding cryptocurrency on their balance sheets.

Farage Takes Stake in Bitcoin Treasury Company

Stack BTC confirmed that it raised 260,000 pounds by issuing 5.2 million new ordinary shares priced at 0.05 pounds each. The company said the fundraising attracted strategic investors including Farage and Blockchain.com.

Farage invested through his company Thorn In The Side Ltd, which will give him a stake of about 6.3 percent in Stack BTC after the new shares are admitted to trading.

The shares are expected to begin trading on the Aquis Growth Market, where Stack BTC is listed under the ticker STAK.

Farage said he supports the company because he believes the United Kingdom should remain a global center for financial innovation and digital assets.

“I am delighted to have become an investor in Stack and lend my support to the team,” Farage said in a statement.

“I have long been one of the UK’s few political advocates for Bitcoin,” he added, noting that London should strengthen its position as a center for financial innovation.

Stack BTC Expands Its Bitcoin Treasury Strategy

Stack BTC is part of a growing group of public companies that follow a digital asset treasury strategy. These companies hold bitcoin on their balance sheets with the expectation that rising crypto prices could increase corporate value.

The company recently disclosed its first bitcoin purchase, buying 21 BTC at an average price of about 71,594 dollars per coin, worth roughly 1.5 million dollars.

Stack BTC said the broader goal is to build a treasury reserve of bitcoin while acquiring high quality cash generative businesses across the United Kingdom.

The firm is chaired by Kwasi Kwarteng, who previously served as the United Kingdom Chancellor of the Exchequer. Kwarteng holds about 5.4 percent of the company.

Blockchain.com will work with Stack BTC to help develop bitcoin treasury infrastructure and institutional custody services as the firm expands its digital asset strategy.

Crypto Influence in UK Politics

Farage’s investment comes as cryptocurrency plays a growing role in political funding and policy debates in the United Kingdom.

The Reform UK leader has pushed for crypto friendly policies and his party has accepted donations connected to the crypto sector.

Crypto investor Christopher Harborne has been one of the party’s major financial supporters. Electoral Commission disclosures show that Harborne donated 9 million pounds last year and another 3 million pounds later in the year to Reform UK.

However, the increasing presence of crypto-linked funding in politics has drawn scrutiny. Some parliamentary committee leaders have argued that rules around political donations and digital assets should be tightened to prevent transparency risks.

CoinLaw’s Takeaway

In my experience watching crypto policy evolve, political support often becomes a turning point for an industry. What stands out to me here is that Farage is not just talking about bitcoin anymore. He is putting his own money into a bitcoin treasury company.

I found this particularly interesting because it signals a closer relationship between crypto businesses and political leaders in the United Kingdom. If more politicians follow this path, the pressure to create clear and supportive crypto regulations will likely grow.

At the same time, the involvement of crypto donors in politics will continue to raise questions about transparency and oversight. The debate around that balance is only just beginning.

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