Stack BTC Plc, a London-listed company previously known as Kasei Digital Assets PLC, has completed a £260,000 equity raise and made its first bitcoin treasury allocation of 21 BTC (approximately $1.5 million). The company, chaired by former UK Chancellor Kwasi Kwarteng, positions itself as a UK bitcoin treasury company aiming to pair operating businesses with a long-term strategy of accumulating bitcoin on its balance sheet.
The equity raise involved issuing 5.2 million new shares at 5 pence each. Strategic participants included political figure Nigel Farage, who invested £215,000 for an estimated 6.31% stake, and cryptocurrency firm Blockchain.com. Blockchain.com's role is expected to extend to providing institutional-grade custody, staking, and yield tools essential for scaling cryptoasset holdings.
Paul Withers of Stack BTC leadership stated on LinkedIn: "We are aiming to combine strong UK businesses with a long-term bitcoin-treasury strategy, building a public company designed for the digital monetary era." However, analysts note execution risks for the small-cap issuer, citing the modest raise size, low share price, and challenges in scaling acquisitions alongside bitcoin accumulation.
This launch coincides with a significant broader trend of institutional bitcoin adoption. According to data from Bitcoin Treasuries, publicly traded corporations worldwide accumulated approximately 62,000 BTC in Q1 2026 alone. This represents an 8% increase over the total purchased in Q4 2025, signaling accelerating corporate confidence in Bitcoin as a digital reserve asset and treasury hedge.
Market analysts highlight that this sustained corporate buying provides substantial price support, reduces circulating supply, and further legitimizes Bitcoin within global financial markets. The trend is driven by factors including inflation hedging, portfolio diversification, improved regulatory clarity, and the development of secure institutional custody solutions.
