Odaily Odaily that Nigel Farage, leader of the UK's Reform Party, has invested in London-listed Bitcoin company Stack BTC. Farage, through his company Thorn In The Side Ltd, purchased 4.3 million shares at 5 pence per share, acquiring a 6.31% stake in Stack BTC, valuing the company at £3.4 million. This £260,000 funding round also attracted participation from crypto company Blockchain.com as a strategic investor.
Stack BTC, chaired by former Chancellor of the Exchequer Kwasi Kwarteng, plans to establish a UK corporate portfolio while simultaneously holding a Bitcoin reserve. Blockchain.com, which registered earlier this year as an FCA crypto asset business, will collaborate with Stack to develop a Bitcoin reserve strategy. Farage stated that he has long been one of the few political advocates for Bitcoin in the UK and believes London should become a major global cryptocurrency hub. (Yahoo Finance)
