The firm of the former UK treasurer has acquired $2.7 million worth of bitcoins., 2026/04/13 20:44:31

The Bitcoin asset management firm Stack BTC has acquired 37 BTC for a total of 2 million British pounds (approximately $2.7 million). Stack BTC is listed on the Aquis Stock Exchange in London and is led by former UK Chancellor of the Exchequer Kwasi Kwarteng.

The average purchase price was around $72,385 per coin. The company currently holds 68.1898 BTC. This latest acquisition follows an investment in Stack BTC by Nigel Farage, the leader of the right-wing populist British party Reform UK, in March. The politician purchased shares in Stack BTC worth £215,000 ($286,000) through his company Thorn In The Side. As a result of this investment, Farage now owns 6.31% of Stack BTC’s shares.

Farage has publicly endorsed the company’s Bitcoin purchases, stating that it cannot be a Bitcoin management firm without direct ownership of the cryptocurrency. Over the past year, Reform UK has emerged as the leading party in the UK in terms of cryptocurrency donations. In 2025 alone, it raised approximately $18 million, surpassing the ruling Labour Party and the Conservatives.

For instance, Reform UK received £9 million (around $12 million) from crypto investor Christopher Harborne, who holds 12% of the shares in the cryptocurrency exchange Bitfinex. Over the past year, Harborne accounted for two-thirds of the party’s donations.

Political donations in cryptocurrencies have attracted the attention of UK regulators and activists advocating for transparency in political financing. In January, a group of British Labour Party members proposed banning cryptocurrency donations for political campaigns, arguing that cryptocurrencies help conceal the source of funds and facilitate foreign interference in UK politics.