- Stack BTC, chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin worth $2.7 million on April 13.
- Nigel Farage, who made a $286,000 equity investment, is the first UK political party leader and MP to publicly back Bitcoin via this firm.
- The company’s share price rose 7.5% following the purchase announcement.
- This move coincides with UK government plans to temporarily ban crypto donations to political parties, a key funding source for Farage’s Reform UK.
Stack BTC, a UK-listed Bitcoin firm chaired by former Chancellor Kwasi Kwarteng, bolstered its treasury with a major purchase this week. The company acquired 37 Bitcoin worth approximately $2.7 million on Monday, according to an official filing.
This strategic buy increases the firm’s total holdings to over 68 BTC. Stack BTC described the moment as historic for Bitcoin in British politics due to Nigel Farage’s involvement.
Reform UK leader Nigel Farage deepened his crypto ties with a previous $286,000 equity stake in the company. Farage stated in an announcement video that “Stack could not be a Bitcoin treasury company without holding Bitcoin.”
Consequently, the firm’s share price rose 7.5% on Monday following the news. Chairman Kwasi Kwarteng noted the firm had made “massive progress” in recent weeks.
However, this corporate activity intersects with a political fundraising debate. Reform UK has emerged as the UK’s top political recipient of crypto-linked funding, raising about $18 million in 2025 alone.
Meanwhile, UK policymakers are advancing plans for a temporary ban on crypto donations to political parties. This regulatory move could restrict a key funding channel for Farage’s party as it seeks greater influence.
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