Crypto04 April, 20261 min read
Nigel Farage Invests £215,000 in Bitcoin Firm Led by Kwasi Kwarteng
Nigel Farage invested £215,000 in Stack BTC, led by Kwasi Kwarteng. Stack BTC is chaired by Kwasi Kwarteng, former UK chancellor.
Farage Backs Former Chancellor's Crypto Firm
Nigel Farage has invested £215,000 in Stack BTC, chaired by Kwasi Kwarteng. The investment gives Farage a 6.3% stake in the London-listed company.
Stack BTC already holds 21 bitcoins purchased at an average price of $71,594 per coin. Reform UK has previously received £12 million in political donations from crypto billionaire Christopher Harborne.
Stack BTC's Bitcoin Treasury Strategy
Stack BTC builds a portfolio of cash-generative businesses and accumulates bitcoin. The company completed a £260,000 funding round alongside Blockchain.com. Kwarteng and his wife together own 5.4% of Stack BTC.
Political Finance and Crypto
Farage's investment has sparked controversy given Reform UK's receipt of substantial crypto-linked donations. Critics raise questions about the transparency of political financing through digital assets. Several parliamentarians have called for stricter regulation of crypto donations.