Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Nigel Farage takes 6% stake in UK bitcoin treasury firm Stack BTC Reform UK leader backs London-listed company chaired by former Chancellor Kwasi Kwarteng as it expands bitcoin strategy. By James Van Straten | Edited by Sheldon Reback Mar 9, 2026, 9:31 a.m. Make us preferred on Google Nigel Farage (Gage Skidmore/Wikimedia Commons modified by CoinDesk) What to know : Nigel Farage invested in Stack BTC and will hold about 6.31% of the firm when the new shares begin trading on Aquis on March 12. Stack BTC, which currently holds 21 BTC, raised 260,000 pounds ($346,000) in a funding round that also included Blockchain.com. Nigel Farage, leader of the Reform UK party, invested 215,000 pounds ($286,000) in Stack BTC (STAK), a U.K.-listed bitcoin BTC $ 67,250.88 treasury company, in a fundraising round that also involved Blockchain.com. In total, the company raised 260,000 by selling 5.2 million new shares at 5 pence each, it said on Monday. The new shares are expected to begin trading on the Aquis Growth Market on March 12. Farage invested through his Thorn In The Side Ltd. company and will hold 6.31% of Stack following admission of the new shares. Farage said he has long supported bitcoin and believes the U.K. should position itself as a global hub for the crypto industry. Reform is leading in the polls , and has attempted to court the crypto vote by accepting donations in cryptocurrency . “I have long been one of the UK's few political advocates for Bitcoin,” he said in the statement, adding that London should continue to strengthen its role as a center for financial innovation. Stack BTC is chaired by former Chancellor Kwasi Kwarteng, who said the investment aligns with the company's goal of building a portfolio of cash-generative U.K. businesses while accumulating bitcoin as a treasury asset. It currently holds 21 BTC. Blockchain.com will work with the company to develop its bitcoin treasury infrastructure and institutional-grade custody services. Stack BTC shares rose 12% to 6.875 pence as of 9:30 a.m. in London. Bitcoin News Nigel Farage Kwasi kwarteng UK Digital Asset Treasury More For You Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race By CoinDesk Research Feb 27, 2026 Commissioned by Pudgy Penguins CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events. What to know : Disrupting a Stagnant Market : Pudgy Penguins is utilizing a "Negative CAC" model to challenge the traditional $31.7B licensed toy industry by treating physical merchandise as a profitable user acquisition tool rather than just a final product. View Full Report More For You Canton’s Yuval Rooz says smart contract blockchains face a reckoning over value gap By Will Canny , AI Boost | Edited by Nikhilesh De 22 hours ago The network's co-founder says many blockchains pitching financial rails lack the activity to justify their valuations, and stablecoins still lack true product-market fit. What to know : Yuval Rooz, CEO of Digital Asset, the company behind the Canton blockchain, says most smart contract networks lack the activity and revenue to justify multibillion-dollar valuations. Canton burns tokens with every transaction and distributes issuance to fee-generating apps, aiming to tie value to usage. Rooz argues stablecoins will only have true product-market fit when over half of usage is unrelated to crypto trading. Read full story Latest Crypto News Clarity Act will benefit banks more than crypto, former CFTC chair says 47 minutes ago Bitflyer volume surges 200% past Binance, Coinbase as oil spike sends Nikkei sliding 1 hour ago Oil pulls back from 25% spike as G7 discusses emergency reserve release 1 hour ago Bitcoin steadies as limited U.S. exposure to oil shocks calms markets 3 hours ago Bitcoin could face deeper downside as odds of U.S. market meltdown rise to 35% 4 hours ago Oil shorts on Hyperliquid get wiped out as crude surges 30% on Iran escalation 4 hours ago Top Stories Trump's cyber strategy vows to 'support the security' of cryptocurrencies and blockchain Mar 7, 2026 Bitcoin dip may not be over as whales sell into retail buying — a bearish signal Mar 8, 2026 Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ Mar 7, 2026 Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments Mar 7, 2026 In this article BTC BTC $ 67,250.88 ◢ 0.14 %