Nigel Farage Invests in UK Bitcoin Firm Led by Former Chancellor Kwasi Kwarteng

Stack BTC Plc, led by former Chancellor Kwarteng, has raised $347K from investors including Nigel Farage to back its Bitcoin wealth plan.

Stack BTC Plc has raised $347,204 from several companies, including Nigel Farage, leader of the Reform UK group, and Blockchain.com.

The fundraising is being done through the issue of 5,200,000 new ordinary shares at 5 pence per unit, with plans to use the proceeds to buy and grow UK businesses, build a Bitcoin (BTC) treasury, and fund general working capital.

Stack’s BTC Fundraise

A press release dated 9 March indicated that Farage’s funding was done as a demonstration of his long-standing support for British business and BTC advocacy. Throughout his career, the politician has championed local private companies and spoke of his belief in the power of OG cryptocurrency as a financial asset and digital currency.

“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.

He also spoke about the importance of UK SMEs, which provide jobs for around 60% of the private sector workforce, adding that Stack’s approach to acquiring and growing businesses is a long-term funding and support strategy.

Blockchain.com will provide institutional level services to support Stack’s BTC stockpile program in addition to its investment. The company was officially registered under the UK Financial Conduct Authority (FCA) on February 10, 2026, a development that allows it to legally operate as a crypto asset business in the region.

Kwasi Kwarteng, Stack’s Executive Chairman and former UK Chancellor, welcomed the two as investors, saying the partnership was very much in line with the company’s goals.

“Nigel’s unwavering support for British business and the belief that Bitcoin will rapidly expand its role in finance is entirely in line with business trends and plans,” he wrote.

He added that the infrastructure of the crypto service provider will help ensure that the company maintains the highest standards of storage services for its BTC assets.

You may also like:

Shares Will Start Trading in March

The new shares will be available for trading on the Aquis Growth Market from 12 March 2026, and investors also receive warrants that can be exercised if certain conditions are met in the future.

Stack will now have 68,130,000 ordinary shares, each carrying one voting right. Of the total amount of the released budget, the current concert group has reached 45.21%.

Farage currently controls 4,300,000 shares (6.31%), while Kwarteng has 3,700,000 shares (5.43%), the remaining units are distributed among other directors and groups.

Stack announced at the beginning of March that it will start operating as a BTC treasury company, with plans to start its funds with the purchase of 21 BTC. The company intends to fund this future stock through equity issuance, acquisitions, and operating profit.

The company will now join established players in the UK’s BTC treasury space, including Smart Web Company and Satsuma Technology, which respectively hold 2,692 BTC and 620 BTC, each according to data from BitcoinTreasures.