Nigel Farage invests in UK bitcoin treasury firm Stack BTC

Nigel Farage invested 215,000 pounds ($286,000) in Stack BTC (STAK), a U.K.-listed bitcoin treasury company, as part of a fundraising round that also involved Blockchain.com. The company raised 260,000 by selling 5.2 million new shares at 5 pence each, and the new shares are expected to begin trading on the Aquis Growth Market on March 12.

Farage invested through his Thorn In The Side Ltd. company and will hold 6.31% of Stack following admission of the new shares. “I have long been one of the UK's few political advocates for Bitcoin,” Farage said, adding that London should continue to strengthen its role as a center for financial innovation.

Reform is leading in the polls and has attempted to court the crypto vote by accepting donations in cryptocurrency. Stack BTC is chaired by former Chancellor Kwasi Kwarteng, who said the investment aligns with the company's goal of building a portfolio of cash-generative U.K.

United Kingdom, London

nigel farage, stack btc, bitcoin, bitcoin treasury, blockchain.com, aquis growth, kwasi kwarteng, 5 pence, new shares, reform party