Stack BTC Expands Bitcoin Holdings by $2.7M With Nigel Farage's Support
Stack BTC, supported by Nigel Farage, acquired $2.7 million worth of Bitcoin, strengthening the Reform UK leader's cryptocurrency connections amid UK efforts to restrict crypto political donations.
The Aquis-listed Bitcoin treasury firm Stack BTC, under the chairmanship of Kwasi Kwarteng, former Chancellor of the United Kingdom, executed a Bitcoin acquisition worth 2 million British pounds ($2.7 million) this past Monday, further solidifying Nigel Farage's connection to the enterprise following the Reform UK leader's earlier investment in the company and his endorsement of its Bitcoin-focused approach.
The company's April 13 regulatory filing revealed the acquisition of 37 Bitcoin (BTC) as a component of its treasury operations at an approximate unit price of $72,385, bringing the firm's total cryptocurrency holdings to 68.1898 BTC.
This acquisition comes after Farage's earlier publicly reported equity stake of $286,000 in Stack BTC, a firm that has positioned itself as an avenue for British investors to access Bitcoin through traditional public market channels, and establishes Farage as the first sitting member of parliament and UK political party leader to openly support Bitcoin, which Stack BTC characterized as a "landmark moment for Bitcoin in British politics."
In a promotional video released to announce the acquisition, Farage stated that Stack could not legitimately function as a Bitcoin treasury company without actually purchasing Bitcoin, while Kwarteng highlighted the firm's "massive progress" over recent weeks, citing robust trading volumes on the Aquis exchange, where it emerged as the "number-one traded stock" during March, and framed this purchase as the inaugural step in an extended Bitcoin accumulation strategy.
Shares of Stack BTC (STAK) experienced a 7.5% increase on Monday, reaching $14.43 compared to Friday's closing price of $13.43.
Farage strengthens cryptocurrency connections while UK government pursues restrictions on political donations
Farage's participation expands upon his prior investment in Stack BTC from March, when he secured a minority ownership position of 6.31% in the firm alongside Kwarteng.
Throughout the previous year, Reform UK has become the United Kingdom's leading political organization in terms of cryptocurrency-related financial backing, securing approximately $18 million during 2025 alone, surpassing both the governing Labour Party and the Conservative Party. This trend has attracted attention from regulatory bodies and advocacy groups focused on transparency.
During March, the United Kingdom government declared its intention to move forward with proposals to temporarily prohibit cryptocurrency donations to political parties, acting on recommendations designed to minimize risks associated with non-transparent or foreign influence.
Although Reform UK has embraced its connections with digital assets and presented itself as open to crypto-funded support, lawmakers are developing stricter regulations that may limit one of the party's most rapidly expanding sources of financial backing.
Cointelegraph contacted both Farage and Stack BTC seeking commentary, but no response had been received at the time of publication.