Reform UK chief Nigel Farage has develop into the primary sitting British MP and get together chief to publicly again Bitcoin — a distinction his personal firm was fast to spotlight when it introduced his involvement.
A Firm Constructed Round A Single Asset
Stack BTC, listed on the Aquis change and chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin on Monday for roughly $2.7 million, or about £2 million. The acquisition worth labored out to roughly $72,385 per coin. The corporate now holds 68.19 BTC in complete.
Stack BTC markets itself as a means for UK buyers to realize crypto publicity by public markets — basically a listed car that holds Bitcoin so unusual shareholders don’t have to carry it themselves. Its share worth climbed 7.3% on Monday, closing at $14.42, up from $13.42 at Friday’s shut.
BREAKING: Nigel Farage has bought £2m of Bitcoin for Stack BTC – changing into the primary sitting MP and the primary UK political get together chief in historical past to publicly purchase Bitcoin.
A landmark second for Bitcoin in British politics.$STAK @Nigel_Farage @blockchain @kwasi_stackbtc… pic.twitter.com/O614kKe5TN
— Stack BTC (@stackbtc_) April 13, 2026
Farage already had pores and skin within the sport earlier than Monday’s announcement. He disclosed a $286,000 fairness stake in Stack BTC, giving him a 6.31% minority holding within the firm. Kwarteng holds a stake as properly. Each investments had been disclosed in March.
In a video tied to Monday’s buy, Farage mentioned a Bitcoin treasury firm couldn’t operate with out really holding BTC. Kwarteng mentioned the agency had made important progress over current weeks.
Supply: Investegate
Reform UK Pulled In $18M In Crypto Donations Final Yr
The announcement lands at a clumsy second for Farage politically. Over the previous 12 months, Reform UK collected round $18 million in crypto-linked donations — greater than both the ruling Labour Celebration or the Conservatives.
BTCUSD buying and selling at $71,961 on the 24-hour chart: TradingView
That determine drew scrutiny from regulators and transparency teams. The UK authorities responded by pushing ahead plans to briefly prohibit crypto donations to political events. UK lawmakers have since referred to as for a moratorium on such contributions.
The proposed ban would minimize off considered one of Reform UK’s best funding streams. Farage has not publicly addressed that battle straight.
Bitcoin Backing Places Farage Forward Of His UK Political Rivals
Studies point out that no different sitting British MP or get together chief has taken a comparable monetary place in Bitcoin. Stack BTC described Farage’s involvement as a landmark second for Bitcoin in British politics.
Whether or not that framing holds relies upon partly on what occurs subsequent in Parliament, the place the crypto donation restrictions are nonetheless working their means by.
Featured picture from Protos, chart from TradingView
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