Articles
Bitcoin

Nigel Farage-backed Stack BTC adds $2.7M in Bitcoin to treasury

User Image

Por Anônimo

Criado April 13, 2026|2 mins de leitura
Main Image

Nigel Farage-backed Stack BTC bought $2.7 million of Bitcoin, deepening the Reform UK leader’s crypto ties as the UK moves to curb crypto donations.

Stack BTC, an Aquis-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, purchased 2 million British pounds ($2.7 million) worth of Bitcoin on Monday, as Nigel Farage deepens his ties to the firm.

According to an April 13 filing, the company purchased 37 Bitcoin (BTC) as part of its treasury strategy at a price of roughly $72,385 per coin and now holds a total of 68.1898 BTC.

The purchase follows Farage’s previously disclosed $286,000 equity investment in the company, which has been marketing itself as a way for UK investors to gain Bitcoin exposure via public markets, and makes Farage the first UK political party leader and sitting member of parliament to publicly back Bitcoin, in what Stack BTC described as a “landmark moment for Bitcoin in British politics.”

Farage said in a video announcing the purchase that Stack could not be a Bitcoin treasury company without holding Bitcoin, while Kwarteng said the firm had made “massive progress” in recent weeks.

Stack BTC’s share price (STAK) rose 7.5% on Monday, trading at $14.43 up from $13.43 at Friday’s close.

Farage’s involvement builds on an earlier investment in the company in March, when he acquired a minority 6.31% stake in the company alongside Kwarteng. 

Related: UK lawmakers seek moratorium on crypto donations to political parties

Over the past year, Reform UK has emerged as the UK’s most prominent political group by crypto-linked funding, pulling in about $18 million in 2025 alone, ahead of the ruling Labour Party and the Conservatives. This development has drawn scrutiny from regulators and transparency campaigners.

In March, the UK government announced that it was advancing plans to temporarily ban crypto donations to political parties, following recommendations aimed at reducing the risk of opaque or overseas influence. 

While Reform UK has leaned into its association with digital assets and positioned itself as receptive to crypto-backed support, policymakers are preparing tighter rules that could restrict one of the party’s fastest-growing funding channels. 

Cointelegraph reached out to Farage and Stack BTC for comment, but had not received a response by publication.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder

Source: CoinTelegraph


Outros artigos publicados recentemente

Monument Bank delays retail tokenized deposits, cites regulatory issues in the UK
Monument Bank delays retail tokenized deposits, cites regulatory issues in the UK

Crypto Market Analysis

The London-based challenger bank tapped a Canadian custodian to meet the Financial Conduct Authority...

Polymarket names former Amazon finance chief Warren Jenson as its first CFO
Polymarket names former Amazon finance chief Warren Jenson as its first CFO

Crypto Market Analysis

Jenson becomes the prediction market’s first CFO as Polymarket builds its regulated U.S. exchange ...

Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps
Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

Casino

ESMA said that event contracts may fall under existing EU binary-options bans, crypto-asset framewor...

Why a new SEC plan could ease a legal headache for tokenized securities
Why a new SEC plan could ease a legal headache for tokenized securities

Crypto Market Analysis

The SEC's new proposal to overhaul transfer-agent rules could eliminate duplicate offchain sharehold...

New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky
New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky

DeFi

The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circul...

UK House of Lords backs mandatory digital asset strategy over Labour position
UK House of Lords backs mandatory digital asset strategy over Labour position

Crypto Market Analysis

The amendment would require the UK Treasury to develop a strategy covering cryptoassets, stablecoins...