Nigel Farage has invested £215,000 in Stack BTC, a bitcoin reserves company chaired by former Conservative chancellor Kwasi Kwarteng. The Reform UK leader's stake now stands at 6.3%, according to company filings.
Farage, who has long advocated for cryptocurrency in the UK, said he was 'delighted to have become an investor in Stack' and to 'lend my support to the team'. He added that he recognises 'the role digital currencies will play in the future of business and finance' and believes the UK 'can and should be a major global hub for the crypto industry'.
The investment strengthens Reform UK's ties with the crypto sector, which has already donated £12m to the party via billionaire Christopher Harborne. Last year, Reform became the first major UK party to accept bitcoin donations, and Farage has proposed allowing tax payments in crypto and creating a sovereign wealth fund of digital assets.
Kwarteng, who became executive chair of Stack BTC in October 2024, said Farage's 'unwavering support for British business and belief that bitcoin is set to rapidly expand its role in finance is perfectly aligned with the company's ethos and business plans'. Stack BTC, listed on London's Aquis exchange, owns 21 bitcoins worth over £1m and is valued at £6.45m. Its shares jumped 67% on Monday but remain 18% below pre-November levels.
Farage made the investment through his media company, Thorn In The Side Ltd, which had £3.1m in cash as of May 2025. Bitcoin has fallen 23% this year to $67,652 amid US trade tariff uncertainty and geopolitical tensions, though crypto advocates tout it as 'digital gold'.
