Stack BTC markets itself as a way for UK investors to gain crypto exposure through public markets — essentially a listed vehicle that holds Bitcoin so ordinary shareholders don’t have to hold it themselves. Its share price climbed 7.3% on Monday, closing at $14.42, up from $13.42 at Friday’s close.
BREAKING: Nigel Farage has purchased £2m of Bitcoin for Stack BTC – becoming the first sitting MP and the first UK political party leader in history to publicly buy Bitcoin.
Farage already had skin in the game before Monday’s announcement. He disclosed a $286,000 equity stake in Stack BTC, giving him a 6.31% minority holding in the company. Kwarteng holds a stake as well. Both investments were disclosed in March.
In a video tied to Monday’s purchase, Farage said a Bitcoin treasury company could not function without actually holding BTC. Kwarteng said the firm had made significant progress over recent weeks.
That figure drew scrutiny from regulators and transparency groups. The UK government responded by pushing forward plans to temporarily prohibit crypto donations to political parties. UK lawmakers have since called for a moratorium on such contributions.
The proposed ban would cut off one of Reform UK’s most productive funding streams. Farage has not publicly addressed that conflict directly.
Bitcoin Backing Puts Farage Ahead Of His UK Political RivalsReports indicate that no other sitting British MP or party leader has taken a comparable financial position in Bitcoin. Stack BTC described Farage’s involvement as a landmark moment for Bitcoin in British politics.
Whether that framing holds depends partly on what happens next in Parliament, where the crypto donation restrictions are still working their way through.
Featured image from Protos, chart from TradingView
