Nigel Farage Invests $287K in Stack BTC, Becomes Largest Individual Shareholder

Nigel Farage, the Reform UK leader, current poll-topper, and, as of Monday, a Bitcoin company shareholder, has invested £215,000 in Stack BTC, a small London-listed firm focused on building a portfolio of British businesses and deploying surplus cash into a Bitcoin treasury. 

Stack BTC, which trades on the Aquis Growth Market under the ticker STAK and was previously called Kasei Digital Assets, issued 5.2 million new shares at 5 pence each in a strategic fundraise totalling £260,000, with Farage and Blockchain.com as the two investors. The company is valued at approximately £3.4 million ($4.55 million). 

Farage holds his shares through Thorn In The Side Ltd, a company of which he is the sole shareholder. His 6.31% stake now exceeds that of executive chairman Kwasi Kwarteng, who holds 5.43% including shares owned by his wife.

The Kwarteng association is part of what makes this story more than a routine micro-cap investment. Kwarteng served as Chancellor of the Exchequer for 38 days in 2022, presiding over what became known as the “mini-budget,” a package of unfunded tax cuts under Prime Minister Liz Truss that triggered a gilt market crisis, forced the Bank of England to intervene, and contributed to Truss’s resignation 45 days into office. 

Labour wasted no time on Monday: a party spokesperson called the investment “a total slap in the face for families still footing massive mortgages,” noting that Farage had once called Truss’s budget “the best Conservative budget since 1986.” Farage did not address that framing in his statement, instead saying he believes London should be “a major global hub for the crypto industry.”

What Stack BTC Actually Is

Stack BTC describes its strategy as acquiring small, cash-generative British businesses and using the surplus income they generate to accumulate Bitcoin on the balance sheet, a structure similar to how MicroStrategy, now rebranded as Strategy, built its Bitcoin position through operational cash flows before moving to debt-funded accumulation. 

The company made its first Bitcoin purchase on March 5, acquiring 21 BTC at an average price of $71,594 per coin, worth approximately $1.5 million. It raised £2.2 million ($2.94 million) in a prior February fundraise and its new shares are expected to begin trading on Aquis on March 12. 

Blockchain.com, one of the oldest crypto infrastructure firms, founded in 2011 and best known for its Bitcoin wallet and blockchain explorer, will support Stack’s treasury custody and institutional services. The firm registered with the UK Financial Conduct Authority as a crypto asset business earlier this year.

The Context That Won’t Go Away

Farage’s investment is a personal one, not a party transaction, and he is under no legal obligation to avoid crypto-related financial activity. But it lands in a politically sensitive moment. Parliament is actively debating whether to ban crypto political donations, a debate largely driven by the £12 million that Thailand-based crypto investor Christopher Harborne has donated to Reform since 2025, a story reported last week. 

Security committee chair Matt Western has called for a temporary moratorium on crypto donations pending Electoral Commission guidance. Farage’s decision to take a personal stake in a Bitcoin company while that debate is live will not make the underlying questions easier to dismiss.