TL;DR
- Nigel Farage bought 6.3% Stake in Stack BTC for £215,000 through his media firm.
- Stack BTC holds 21 bitcoins worth £1M, pursuing dual accumulation and acquisition strategy.
- Shares surged 67% following the announcement, though still down 18% from November.
Nigel Farage, leader of Reform UK, deployed £215,000 to acquire a 6.3% stake in Stack BTC, the Bitcoin reserves company chaired by former Conservative Chancellor Kwasi Kwarteng. The transaction, executed through his media vehicle Thorn In The Side Ltd, cements Farage’s position as one of the most prominent political investors in the UK’s crypto sector.
Farage said he was “delighted to have become an investor in Stack” and noted that he has spent years standing as one of the country’s few political advocates for bitcoin. “I believe we can and should be a major global hub for the crypto industry,” he said in an official statement. Kwarteng welcomed the move, adding that Farage’s conviction on bitcoin aligns directly with the company’s business plans and long-term direction.
Stack BTC trades on Aquis, London’s small-cap exchange, and pursues a dual strategy: accumulating Bitcoin directly while acquiring businesses whose profits flow back into the cryptocurrency. The company currently holds 21 bitcoins, worth just over £1 million, against a total valuation of £6.45 million.
Shares in Stack surged 67% on Monday morning following the announcement, though the stock still trades roughly 18% below the level it held before the company told investors in November that it would concentrate exclusively on bitcoin.
Reform UK and Crypto Capital: A Deepening Alliance
Farage’s investment does not stand alone. Reform UK already received £12 million in political donations from crypto billionaire Christopher Harborne, and last year became the first major UK party to accept contributions in bitcoin and other cryptocurrencies. Farage has further pledged to allow citizens to pay taxes in crypto and to establish a sovereign wealth fund built on digital assets if he reaches government.
Stack BTC’s largest shareholder remains Paul Withers, co-founder of precious metals trader Direct Bullion, who previously paid Farage to promote gold coin investments through his platform. Kwarteng and his wife together hold 5.4% of the company.
Bitcoin has shed 23% of its value so far in 2025, trading around $67,652, pressured by uncertainty over Donald Trump’s trade tariffs and escalating geopolitical tensions. Farage traveled to Mar-a-Lago on Friday, though the Financial Times reported he did not meet with the US president during the visit.
