Reform UK enactment person Nigel Farage has invested 215,000 pounds (around $286,000) successful Stack BTC, a London-listed Bitcoin treasury institution chaired by erstwhile UK Chancellor Kwasi Kwarteng, arsenic the Reform UK person deepens his ties to the crypto sector.
The concern gives Farage a 6.31% involvement successful the institution done his media conveyance Thorn In The Side, according to a Monday release.
Stack said it raised $346,000 by issuing 5.2 cardinal caller shares astatine $0.65 each successful a strategical backing circular that included Farage and Blockchain.com. The institution said Blockchain.com besides entered a concern to assistance present institutional-grade services for Stack’s planned Bitcoin (BTC) treasury.
“I person agelong been 1 of the UK’s fewer governmental advocates for Bitcoin, recognising the relation integer currencies volition play successful the aboriginal of concern and finance,” Farage said. “London and the UK has historically been the centre of the world’s fiscal markets, and I judge that we tin and should beryllium a large planetary hub for the crypto industry.”
Source: Stack BTCHe said helium is “excited astir Stack’s plans to get and turn British businesses, representing permanent, supportive and semipermanent capital.”
Stack raised $2.9 cardinal successful February
Stack, which trades connected London’s Aquis exchange, said it raised astir $2.9 cardinal successful February and holds 21 Bitcoin worthy astir $1.4 cardinal astatine existent prices, according to its website. The institution purchased the BTC successful 1 tranche connected March 5. Kwarteng and his woman power astir a 5.88% stake.
Farage has progressively formed himself arsenic 1 of the UK’s astir outspoken governmental supporters of integer assets. In May 2025 astatine the Bitcoin league successful Las Vegas, Farage said Reform UK would judge crypto donations and present a “Cryptoassets and Digital Finance Bill” if the enactment wins power of authorities successful the adjacent wide election, expected earlier August 2029.
Related: UK widens crypto reporting rules to screen home transactions
That propulsion has coincided with increasing contention astir crypto’s relation successful UK politics. Cointelegraph reported Thursday that Reform UK received different $4 million from Thailand-based crypto capitalist Christopher Harborne successful precocious 2025, aft an earlier $12 cardinal donation that helped marque him 1 of the party’s astir important fiscal backers.
The concern comes arsenic the UK debates whether governmental parties should beryllium allowed to judge crypto donations. On Dec. 2, officials were reported to beryllium considering a ban, and connected Feb. 26, information committee seat Matt Western called for a impermanent moratorium until the Electoral Commission issues ceremonial guidance.
Magazine: Did a Hong Kong money termination Bitcoin? Bithumb’s ‘phantom’ BTC: Asia Express
Cointelegraph is committed to independent, transparent journalism. This quality nonfiction is produced successful accordance with Cointelegraph’s Editorial Policy and aims to supply close and timely information. Readers are encouraged to verify accusation independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

4 hours ago









English (US)