Nigel Farage invests $286K in UK Bitcoin treasury company Stack BTC
Nigel Farage has acquired a 6.31% stake in the London-listed Bitcoin treasury company Stack BTC amid broader scrutiny over crypto donations in UK politics.
Reform UK party leader Nigel Farage has invested 215,000 pounds (around $286,000) in Stack BTC, a London-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, as the Reform UK leader deepens his ties to the crypto sector.
The investment gives Farage a 6.31% stake in the company through his media vehicle Thorn In The Side, according to a Monday release.
Stack said it raised $346,000 by issuing 5.2 million new shares at $0.65 each in a strategic funding round that included Farage and Blockchain.com. The company said Blockchain.com also entered a partnership to help deliver institutional-grade services for Stack’s planned Bitcoin (BTC) treasury.