Prime Highlights:
- Nigel Farage has invested £215,000 in Stack BTC, the cryptocurrency company chaired by former chancellor Kwasi Kwarteng.
- The move strengthens Farage’s ties with the UK’s crypto sector and signals his ongoing support for digital currencies.
Key Facts:
- Stack BTC, listed on London’s small-cap exchange Aquis, currently holds 21 bitcoins and is valued at £6.45 million.
- Farage made the investment through his media company, Thorn In The Side Ltd, where his stake now stands at 6.3%.
Background:
Nigel Farage, leader of Reform UK, has invested £215,000 in Stack BTC, a bitcoin company run by former Conservative chancellor Kwasi Kwarteng.
Farage, a long-time advocate for bitcoin, said he was “pleased” to invest and back the Stack BTC team. He added that the UK has the potential to become a “major global hub for the crypto industry” and noted the role digital currencies will play in the future of business and finance.
Stack BTC, listed on London’s small-cap exchange Aquis, aims to build bitcoin reserves while investing in businesses that reinvest their profits into cryptocurrency. The company holds 21 bitcoins, worth just over £1 million, and is valued at £6.45 million. Its shares rose 67% on Monday, although they remain 18% below the price before the firm confirmed its bitcoin-focused strategy in November.
Farage made his investment through his media company, Thorn In The Side Ltd, which had £3.1 million in assets as of May 2025. His stake in Stack BTC is now 6.3%, while Kwarteng and his wife together own 5.4%. The company’s largest investor is Paul Withers, co-founder of precious metals firm Direct Bullion, who has previously partnered with Farage on gold advertising campaigns.
Reform UK has also received £12 million in donations from crypto billionaire Christopher Harborne and was the first major UK political party to accept bitcoin and other cryptocurrency donations. Farage has proposed allowing tax payments in digital currencies and creating a sovereign crypto fund if he comes to power.
Although bitcoin has been volatile this year, dropping 23% to about $67,652 (£50,739), Farage and Stack BTC are showing continued confidence in the sector. Farage recently visited former US president Donald Trump’s Mar-a-Lago residence, reflecting his interest in international crypto developments, though he did not meet Trump.
Stack BTC and its investors are focusing on long-term bitcoin growth as more UK business and political figures explore digital currencies.
