Nigel Farage is betting big on Bitcoin
Nigel Farage, the leader of Reform UK, is putting his money where his mouth is on cryptocurrency.
The veteran politician has invested £215,000 in Stack BTC Plc, a newly listed company on the Aquis Growth Market that aims to build a portfolio of UK businesses while accumulating a Bitcoin treasury.
According to an announcement released Monday (09 March) by Stack BTC Plc on the Aquis Stock Exchange, Farage participated in a £260,000 equity fundraising round priced at 5 pence per share.
Through his personal vehicle, Thorn In The Side Ltd, Farage acquired 4.3 million shares, giving him a 6.31% stake in the company post-admission.
The fundraising also included participation from Blockchain.com, a major player in the Bitcoin and crypto infrastructure space, which recently registered with the UK’s Financial Conduct Authority as a crypto asset business. The partnership will provide Stack BTC with institutional-grade custody services for its planned Bitcoin holdings.
Stack BTC describes itself as focused on “building a portfolio of high-quality, cash-generative businesses through acquisition, whilst growing a Bitcoin treasury.”
Proceeds from the raise will support mergers and acquisitions targeting UK small and medium-sized enterprises (SMEs), kickstart the Bitcoin treasury initiative, and cover general working capital.
Farage, a long-time vocal advocate for Bitcoin in British politics, emphasised his alignment with the company’s vision in a quoted statement:
“I am delighted to have become an investor in Stack and lend my support to the team. I have long been one of the UK’s few political advocates for Bitcoin, recognising the role digital currencies will play in the future of business and finance. London and the UK has historically been the centre of world’s financial markets, and I believe that we can and should be a major global hub for the crypto industry,” he said.
“I also continue to champion the importance of UK SMEs who employ 60% of people working in the private sector. They are the source of future growth and innovation, which is why I am excited about Stack’s plans to acquire and grow British businesses, representing permanent, supportive and long-term capital.”
The pro-crypto party
The investment comes as Farage has increasingly positioned Reform UK as pro-crypto. Last year, the party became the first in Britain to accept donations in Bitcoin and other cryptocurrencies.
Farage has publicly called for a “Bitcoin digital reserve” at the Bank of England, lower capital gains taxes on crypto assets, and policies to make the UK a global crypto hub, ideas that echo aspects of U.S. policy directions under President Trump.
Stack BTC is led by executive chairman Kwasi Kwarteng, the former UK Chancellor of the Exchequer under Liz Truss, who joined the board late last year. Kwarteng welcomed Farage and Blockchain.com as strategic investors, noting their shared belief in Bitcoin’s expanding role in finance.
“We are absolutely delighted to have Nigel Farage and Blockchain.com become strategic investors in Stack,” Kwarteng said in the announcement.
“Nigel’s unwavering support for British business and belief that Bitcoin is set to rapidly expand its role in finance is perfectly aligned with the Company’s ethos and business plans. With Blockchain.com alongside we are partnering with a market leader in digital asset infrastructure to ensure we have the highest standards of custody services for our Bitcoin treasury.”
Reform UK has benefited from significant donations linked to crypto investors, including multimillion-pound contributions from Thailand-based billionaire Christopher Harborne in recent quarters.
While those were in cash rather than crypto, they underscored growing interest in Farage’s populist platform from the digital asset sector.
