US EditionReform UK's Nigel Farage Invests in Bitcoin-Buying Company
Farage invested £215,000 to acquire a 6.3% stake in Stack BTC, aiming to build a bitcoin treasury and promote the UK as a crypto hub, the company said.
- On Monday, Nigel Farage invested 215000 via Thorn In The Side Ltd to acquire 4.3 million new Stack BTC shares at 5p each, with shares trading on March 12.
- Reform UK last year pledged to cut taxes on cryptocurrencies and create a Bitcoin reserve fund if elected, while Stack BTC aims to build a Bitcoin treasury chaired by Kwasi Kwarteng.
- Stack BTC currently holds 21 BTC and Blockchain.com will work with the firm to develop bitcoin treasury infrastructure and institutional-grade custody services, while shares rose 12% to 6.875 pence intraday in London.
- The UK's financial regulator warned cryptocurrency is 'high risk' and investors could 'lose all their money', while Kwarteng and Harriet hold a 5.4% stake and Reform UK courts the crypto vote.
- The Treasury recently announced legislation to regulate cryptocurrencies like Bitcoin under new U.K. laws coming into force in 2027, while Kwarteng's 38-day chancellorship and the mini-budget's fallout, including the pound's 37-year low, add political context.
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'The grift is off the charts!' - Farage takes huge stake in Kwasi Kwarteng's crypto firm
Nigel Farage has taken a significant stake in Kwasi Kwarteng’s bitcoin reserves company, as he ingratiates himself further with the cryptocurrency industry. The Reform UK leader has invested £215,000 in Stack BTS, which is chaired by Kwarteng, who is best know for being the brains behind Liz Truss’s economy-crashing mini-budget. Farage has acquired 4.3 million shares in the London-based firm through his investment vehicle Thorn In The Side Ltd, …
Reform UK's Nigel Farage invests in bitcoin-buying company
LONDON, March 9 : Nigel Farage, leader of the populist Reform UK party, has invested in Stack BTC, a London-based company aimed at acquiring small British companies and investing surplus capital into bitcoin, a statement said on Monday. Farage, a public supporter of bitcoin who has secured big donations from
The Independent
The Independent (US)Nigel Farage takes significant stake in Kwasi Kwarteng’s Bitcoin company
Stack is headed by executive chairman Kwasi Kwarteng, known for serving as chancellor for 38 days in 2022, having devised the disastrous mini-budget alongside Liz Truss
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