Reform UK chief Nigel Farage has change into the primary sitting British MP and occasion chief to publicly again Bitcoin — a distinction his personal firm was fast to spotlight when it introduced his involvement.
A Firm Constructed Round A Single Asset
Stack BTC, listed on the Aquis trade and chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin on Monday for roughly $2.7 million, or about £2 million. The acquisition value labored out to roughly $72,385 per coin. The corporate now holds 68.19 BTC in whole.
Stack BTC markets itself as a method for UK traders to achieve crypto publicity by means of public markets — primarily a listed car that holds Bitcoin so atypical shareholders don’t have to carry it themselves. Its share value climbed 7.3% on Monday, closing at $14.42, up from $13.42 at Friday’s shut.
BREAKING: Nigel Farage has bought £2m of Bitcoin for Stack BTC – turning into the primary sitting MP and the primary UK political occasion chief in historical past to publicly purchase Bitcoin.
A landmark second for Bitcoin in British politics.$STAK @Nigel_Farage @blockchain @kwasi_stackbtc… pic.twitter.com/O614kKe5TN
— Stack BTC (@stackbtc_) April 13, 2026
Farage already had pores and skin within the recreation earlier than Monday’s announcement. He disclosed a $286,000 fairness stake in Stack BTC, giving him a 6.31% minority holding within the firm. Kwarteng holds a stake as properly. Each investments have been disclosed in March.
In a video tied to Monday’s buy, Farage stated a Bitcoin treasury firm couldn’t perform with out really holding BTC. Kwarteng stated the agency had made important progress over current weeks.
Supply: Investegate
Reform UK Pulled In $18M In Crypto Donations Final Yr
The announcement lands at a clumsy second for Farage politically. Over the previous yr, Reform UK collected round $18 million in crypto-linked donations — greater than both the ruling Labour Social gathering or the Conservatives.
BTCUSD buying and selling at $71,961 on the 24-hour chart: TradingView
That determine drew scrutiny from regulators and transparency teams. The UK authorities responded by pushing ahead plans to briefly prohibit crypto donations to political events. UK lawmakers have since referred to as for a moratorium on such contributions.
The proposed ban would reduce off certainly one of Reform UK’s best funding streams. Farage has not publicly addressed that battle instantly.
Bitcoin Backing Places Farage Forward Of His UK Political Rivals
Studies point out that no different sitting British MP or occasion chief has taken a comparable monetary place in Bitcoin. Stack BTC described Farage’s involvement as a landmark second for Bitcoin in British politics.
Whether or not that framing holds relies upon partly on what occurs subsequent in Parliament, the place the crypto donation restrictions are nonetheless working their method by means of.
Featured picture from Protos, chart from TradingView
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