Nigel Farage Backed Stack BTC Adds $2.7 Million in Bitcoin as UK Crypto Donation Scrutiny Grows

Stack BTC, the Aquis Exchange listed Bitcoin treasury firm chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin worth 2 million British pounds (about $2.7 million) on April 13. The filing showed the purchase was made at an average price of about $72,385 per coin, bringing total holdings to 68.1898 BTC. The company said the acquisition marks the start of a longer-term Bitcoin treasury strategy.

The move deepens ties with Nigel Farage, leader of Reform UK, who previously invested about $286,000 in Stack BTC and acquired a minority 6.31% stake in March alongside Kwarteng. The company described his involvement as a landmark moment, making Farage the first sitting UK member of parliament and political party leader to publicly back Bitcoin through a treasury linked company.

Stack BTC shares (STAK) rose 7.5% to $14.43 from $13.43, after strong March trading ranked it the number-one traded stock on Aquis. Meanwhile, UK policymakers are advancing plans to temporarily ban crypto donations to political parties after Reform UK raised about $18 million in crypto-linked funding during 2025.

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