Stack BTC Plc, a UK company chaired by former Chancellor Kwasi Kwarteng, has raised $347,000 from investors including Reform UK leader Nigel Farage and Blockchain.com. The funds were raised by issuing 5.2 million new shares. The company plans to use the capital to acquire UK businesses, build a Bitcoin treasury, and fund operations, with its shares set to begin trading on March 12, 2026.
The fundraising was conducted through the issuance of 5,200,000 new ordinary shares at 5 pence each. Stack stated the proceeds will be used to buy and grow UK businesses, build a Bitcoin treasury, and fund general working capital.
Nigel Farage’s investment aligns with his advocacy for British small businesses and Bitcoin. “London and the UK have historically been the center of the world’s financial markets, and I believe we can and should be a major global hub for the crypto industry,” Farage said in a press release.
Beyond its investment, Blockchain.com will provide institutional-grade services to support Stack’s Bitcoin stockpile plan. The crypto firm was officially registered under the UK Financial Conduct Authority on February 10, 2026.
Executive Chairman Kwasi Kwarteng welcomed the new investors, stating the partnerships align with the company’s goals. “Nigel’s unwavering support for British business and belief that Bitcoin is set to rapidly expand its role in finance is perfectly aligned with the company’s ethos and business plans,” Kwarteng stated.
The new shares will be admitted to trading on the Aquis Growth Market from March 12, 2026. Investors also received warrants that can be exercised once certain future conditions are met.
Following the issuance, Stack will have 68,130,000 ordinary shares in issue. Farage now controls 4.3 million shares (6.31%), while Kwarteng holds 3.7 million shares (5.43%).
The company previously announced its intent to operate as a Bitcoin treasury firm, starting its reserves with a purchase of 21 BTC. It plans to fund the treasury through equity issuance, acquisitions, and operating profits.
Stack will join other UK-based Bitcoin treasury companies like Smarter Web Company and Satsuma Technology. According to data from BitcoinTreasuries, those firms hold 2,692 BTC and 620 BTC respectively.
