Farage Takes $286K Stake in British Bitcoin Treasury Firm Stack BTC
Reform UK's Nigel Farage has purchased a 6.31% holding in Stack BTC, a Bitcoin treasury firm listed in London, as questions mount over cryptocurrency contributions in British political circles.
The leader of the Reform UK political party, Nigel Farage, has put 215,000 pounds (approximately $286,000) into Stack BTC, a Bitcoin treasury firm trading on the London exchange and led by chairman Kwasi Kwarteng, the former Chancellor of the United Kingdom, marking a significant expansion of the Reform UK chief's involvement in the cryptocurrency industry.
Through his media company Thorn In The Side, Farage's investment secures him a 6.31% ownership position in the firm, as detailed in a statement released on Monday.
The company announced it successfully raised $346,000 through the issuance of 5.2 million newly created shares priced at $0.65 per share during a strategic funding initiative that brought in both Farage and Blockchain.com as investors. According to Stack's announcement, Blockchain.com has additionally formed a partnership arrangement designed to provide institutional-grade services supporting Stack's forthcoming Bitcoin (BTC) treasury operations.
I have long been one of the UK's few political advocates for Bitcoin, recognising the role digital currencies will play in the future of business and finance. London and the UK has historically been the centre of the world's financial markets, and I believe that we can and should be a major global hub for the crypto industry.
Nigel Farage
Farage expressed that he is "excited about Stack's plans to acquire and grow British businesses, representing permanent, supportive and long-term capital."
Stack raised $2.9 million in February
Trading on the Aquis exchange in London, Stack disclosed that it secured approximately $2.9 million during February and currently maintains holdings of 21 Bitcoin valued at roughly $1.4 million based on present market rates, as stated on the company's official website. The firm acquired the BTC in a single transaction executed on March 5. Kwarteng and his spouse jointly maintain approximately a 5.88% ownership stake in the company.
In recent times, Farage has positioned himself more prominently as among the United Kingdom's most vocal political champions of digital currencies. During May 2025 at the Bitcoin conference held in Las Vegas, Farage announced that Reform UK would begin accepting cryptocurrency donations and would implement a "Cryptoassets and Digital Finance Bill" should the party gain governmental control following the next general election, which is anticipated to occur no later than August 2029.
This promotional effort has occurred alongside mounting debate surrounding cryptocurrency's involvement in British political affairs. On Thursday, Cointelegraph published a report revealing that Reform UK obtained an additional $4 million from Christopher Harborne, a Thailand-based cryptocurrency investor, during late 2025, following a previous $12 million contribution that established him as among the party's largest financial supporters.
The investment arrives at a time when the United Kingdom is engaged in discussions regarding whether political organizations should maintain the ability to receive cryptocurrency donations. Reports emerged on Dec. 2 that government officials were contemplating implementing a prohibition, and subsequently on Feb. 26, security committee chair Matt Western advocated for an interim moratorium pending the Electoral Commission's release of official guidance on the matter.