Stack BTC, a UK-listed company with political backing from Reform UK leader Nigel Farage, has purchased an additional £2 million (approximately $2.7 million) worth of Bitcoin. According to an April 13 company filing, the firm acquired 37 BTC at a price of roughly $72,385 per coin. This latest acquisition brings Stack BTC's total treasury holdings to 68.1898 BTC.
The move solidifies the company's strategy of accumulating Bitcoin while building cash-generative businesses to support further treasury growth. Stack BTC is listed on London's Aquis exchange and positions itself as a British analogue to the public-company Bitcoin treasury model popularized in the United States.
Nigel Farage's involvement is a central aspect of this development. In March, Farage invested £215,000 in Stack BTC through his company, Thorn In The Side Ltd, acquiring a roughly 6.3% stake. This investment, which also included participation from Blockchain.com, transforms Stack BTC from a simple treasury vehicle into a node in the UK's political conversation around cryptocurrency. Farage has been a vocal advocate for Bitcoin, and his financial and political backing grants the company significant visibility.
This purchase, executed at a relatively high price point, is seen as an act of conviction rather than opportunism, reflecting growing confidence in Bitcoin as a long-term store of value among politically connected entities. The development underscores a broader trend of cryptocurrency interest spreading from tech and finance circles into the political and public spheres, potentially influencing wider adoption and regulatory evolution in the UK.
