Nigel Farage invests in UK BTC treasury firm Stack BTC

Nigel Farage, leader of the Reform UK party, has invested £215,000 (approximately $286,000) in Stack BTC (STAK), a UK-listed bitcoin treasury company. The investment was part of a £260,000 fundraising round that also included Blockchain.com, resulting in the issuance of 5.2 million new shares at 5 pence each. Farage’s investment, made through his company Thorn In The Side Ltd., will give him a 6.31% stake in Stack BTC. He stated his long-standing support for bitcoin and his belief that the UK should become a global hub for the crypto industry. Stack BTC, chaired by former Chancellor Kwasi Kwarteng, aims to build a portfolio of cash-generative UK businesses while accumulating bitcoin as a treasury asset, currently holding 21 BTC. Blockchain.com will assist in developing the company’s bitcoin treasury infrastructure and custody services. Following the announcement, Stack BTC shares rose 12% to 6.875 pence.

(Source：CoinDesk)