Back
Nigel Farage Acquires 6% Stake in Stack BTC as Firm Secures £260,000 in Funding

Nigel Farage Acquires 6% Stake in Stack BTC as Firm Secures £260,000 in Funding

Reform UK leader Nigel Farage joins a £260,000 funding round for Stack BTC, acquiring a 6% stake, alongside Blockchain.com, positioning the firm for trading on Aquis.

BTC

Fact Check
The investment details are precisely corroborated by CoinDesk and Yahoo Finance. Both sources confirm the 6.31% stake, the £215,000 investment amount, the use of Thorn In The Side Ltd, the £260,000 total funding round, and the involvement of Blockchain.com and Kwasi Kwarteng.
    Reference: 12
Summary

Nigel Farage, leader of Reform UK, invested £260,000 in Stack BTC through his company Thorn In The Side Ltd, securing a 6% stake in the UK-listed bitcoin treasury firm. Blockchain.com also participated in the funding round, which sold 5.2 million shares at 5p each. The company aims to build a portfolio of UK businesses while holding bitcoin in treasury, with shares set to begin trading on the Aquis Growth Market on March 12.

Terms & Concepts
  • Stack BTC: A UK-listed bitcoin treasury company that holds bitcoin as an asset and invests in cash-generative businesses.
  • Blockchain.com: A cryptocurrency platform providing wallets, trading, and institutional-grade custody services for digital assets.
  • Bitcoin treasury: A strategy where a company holds bitcoin as a primary reserve asset within its balance sheet.