Farage-backed Stack BTC buys 37 BTC for $2.7M
Farage-backed Stack BTC purchased 37 BTC on April 13 for about $2.7 million, raising its treasury to 68.1898 BTC.
Stack BTC, an Aquis-listed company chaired by former chancellor Kwasi Kwarteng and backed by Nigel Farage, purchased 37 Bitcoin on April 13, the company said in a regulatory filing. The coins cost about £2 million (roughly $2.7 million) at an average price of $72,385 per coin, bringing Stack BTC’s treasury to 68.1898 BTC.
The filing lists the acquisition as part of the company’s treasury strategy to hold Bitcoin on its balance sheet. Stack BTC’s shares (ticker: STAK) rose 7.5% on Monday, trading at $14.43 versus $13.43 at Friday’s close.
Farage acquired a minority 6.31% stake in the company in March and invested about $286,000. In a video announcing the purchase, Farage said, ‘Stack could not be a Bitcoin treasury company without holding Bitcoin.’ Kwarteng added the firm had made ‘massive progress’ in recent weeks.
Stack BTC markets itself as a way for UK investors to gain exposure to Bitcoin through a listed company rather than by buying cryptocurrency directly. The company’s filings record the purchases as additions to its corporate Bitcoin holdings.
The transaction comes amid increased scrutiny of crypto-linked political funding in the UK. Reform UK reported about $18 million in crypto-linked fundraising in 2025. In March the government said it would advance plans for a temporary ban on crypto donations to political parties following recommendations aimed at reducing the risk of opaque or overseas influence.
Stack BTC and Nigel Farage did not provide further comment beyond the regulatory filing and the video announcement.
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