Nigel Farage-backed Stack BTC bought $2.7 million of Bitcoin, deepening the Reform UK leader’s crypto ties as the UK moves to curb crypto donations.
Stack BTC, an Aquis-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, purchased 2 million British pounds ($2.7 million) worth of Bitcoin on Monday, as Nigel Farage deepens his ties to the firm.
According to an April 13 filing, the company purchased 37 Bitcoin (BTC) as part of its treasury strategy at a price of roughly $72,385 per coin and now holds a total of 68.1898 BTC.
The purchase follows Farage’s previously disclosed $286,000 equity investment in the company, which has been marketing itself as a way for UK investors to gain Bitcoin exposure via public markets, and makes Farage the first UK political party leader and sitting member of parliament to publicly back Bitcoin, in what Stack BTC described as a “landmark moment for Bitcoin in British politics.”
