9th Mar 2026 11:15
(Alliance News) - Stack BTC PLC on Monday announced that the leader of political party Reform UK Nigel Farage is strategically investing in the company.
The London-based investment company focused on building a portfolio of "high-quality" and cash-generative businesses alongside a bitcoin treasury, said it completed a fundraising from strategic investors amounting to GBP260,000 gross at a price of 5 pence via the issue of 5.2 million new shares.
Stack BTC added that earlier this year, UK-founded Blockchain.com officially registered with the UK Financial Conduct Authority to operate as a crypto asset business.
Shares in Stack BTC surged 67% to 10.25 pence each on Monday morning on the Aquis Stock Exchange in London.
It noted the fundraise comprised an equity participation from Nigel Farage and Blockchain.com, which it said was "one of the leading industry players in the bitcoin and cryptocurrency space."
Stack BTC said that Nigel Farage holds 4.3 million shares in the company, a stake of around 6.3%.
Executive Chair Kwasi Kwarteng, who served as chancellor of the exchequer under prime minister Liz Truss in 2022, said: "We are absolutely delighted to have Nigel Farage and Blockchain.com become strategic investors in Stack. 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. With Blockchain.com alongside we are partnering with a market leader in digital asset infrastructure to ensure we have the highest standards of custody services for our bitcoin treasury. The company is building momentum, and we look forward to providing more updates in due course."
Farage said: "I am delighted to have become an investor in Stack and lend my support to the team. I have long been one of the UK's few political advocates for bitcoin, recognising the role digital currencies will play in the future of business and finance. London and the UK has historically been the centre of world's financial markets, and I believe that we can and should be a major global hub for the crypto industry. I also continue to champion the importance of UK small & medium enterprises who employ 60% of people working in the private sector. They are the source of future growth and innovation, which is why I am excited about Stack's plans to acquire and grow British businesses, representing permanent, supportive and long-term capital."
By Tom Budszus, Alliance News slot editor
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