Political figure Nigel Farage has made a strategic investment in the corporate Bitcoin treasury sector, acquiring a 6.31% stake in the London-listed firm Stack BTC. The Reform UK leader invested £215,000 through his media vehicle, Thorn In The Side Ltd, purchasing 4.3 million shares at 5 pence each. This move transforms Farage from a vocal crypto advocate into a significant shareholder of a public company built around accumulating Bitcoin.
The investment was part of a broader £260,000 (approximately $346,000) funding round for Stack BTC, which also saw participation from the crypto services firm Blockchain.com. The capital raise involved issuing 5.2 million new shares, which are set to begin trading on London's Aquis exchange on March 12. The funds are intended to support the expansion of Stack BTC's Bitcoin treasury strategy and the development of related digital asset management services.
Stack BTC, chaired by former UK finance minister Kwasi Kwarteng, is positioning itself as an active, treasury-focused business. The company recently executed the first step of its strategy, disclosing the purchase of 21 Bitcoin at an average price of $71,594 per coin, for a total holding valued at roughly $1.4 million. This acquisition, made on March 5, forms the foundation of the firm's balance-sheet approach, framing Bitcoin as a core treasury asset rather than a side allocation.
Beyond the financial mechanics, the deal carries significant political weight. Farage has been increasingly vocal in his support for digital assets, arguing that the UK and London can become a hub for the crypto industry. He has previously stated that Reform UK would accept crypto donations and outlined plans for a potential 'Cryptoassets and Digital Finance Bill' should his party gain power. This investment crystallizes that advocacy, directly linking a high-profile political brand to a corporate Bitcoin accumulation strategy.
Furthermore, Blockchain.com has entered into a partnership with Stack BTC to help develop institutional-grade services for the planned Bitcoin treasury, aiming to strengthen the corporate infrastructure for holding and managing digital assets.
