Reform UK leader Nigel Farage has invested $286,000 in Stack BTC Plc, a London-listed company pursuing a Bitcoin treasury strategy. The investment was part of a $347,000 funding round that also included Blockchain.com. Following the announcement, the company’s stock price surged by approximately 54%, reflecting strong investor interest in the corporate Bitcoin reserve model.
Nigel Farage has invested $286,000 into Stack BTC Plc, a Bitcoin treasury company chaired by former UK chancellor Kwasi Kwarteng. The investment was made through Farage’s vehicle, Thorn-In-The-Side Ltd.
Stack BTC Plc completed a $347,000 equity fundraising round with strategic investors including Blockchain.com and Farage. The company issued 5.2 million new shares at 5 pence each, with Farage set to own 6.31% upon their admission to trading.
The funds will support the company’s goal of creating a Bitcoin treasury reserve and acquiring profitable UK businesses. Stack BTC Plc recently purchased its first 21 Bitcoin for approximately $1.5 million.
Investors reacted strongly to the news, sending the STAK stock price from 5.975 pence to nearly 9.20 pence. This represents an intraday gain of roughly 54% according to data.
Farage stated, “I am one of the very few political advocates for Bitcoin in the UK.” He has expressed support for positioning London as a global crypto hub.
The move highlights growing institutional interest in corporate Bitcoin treasury strategies. Companies like Strategy have pioneered this model, which involves holding digital assets on a corporate balance sheet.
