Nigel Farage-backed Stack BTC adds $2.7M in Bitcoin to treasury

Update (April 14, 1 pm UTC): This article has been updated to include comments from Stack BTC chief operating officer, David Galan, and a spokesperson from Blockchain.com.

Stack BTC, an Aquis-listed Bitcoin treasury company chaired by former UK Chancellor Kwasi Kwarteng, purchased 2 million British pounds ($2.7 million) worth of Bitcoin on Monday, as Nigel Farage deepens his ties to the firm.

According to an April 13 filing, the company purchased 37 Bitcoin (BTC) as part of its treasury strategy at a price of roughly $72,385 per coin and now holds a total of 68.1898 BTC.

The purchase follows Farage’s previously disclosed $286,000 equity investment in the company, which has been marketing itself as a way for UK investors to gain Bitcoin exposure via public markets, and makes Farage the first UK political party leader and sitting member of parliament to publicly back Bitcoin, in what Stack BTC described as a “landmark moment for Bitcoin in British politics.”

Farage said in a video announcing the purchase that Stack could not be a Bitcoin treasury company without holding Bitcoin, while Kwarteng said the firm had made “massive progress” in recent weeks, along with its partner Blockchain.com.

A spokesperson from Blockchain.com told Cointelegraph the transaction showed how regulated platforms are providing real-world access to Bitcoin, and how UK-grown companies are “actively building the crypto ecosystem and the financial landscape” there.

Stack BTC buys $2.7 million BTC. Source: Stack BTC

Stack BTC’s share price (STAK) rose 7.5% on Monday, trading at $14.43 up from $13.43 at Friday’s close.

Stack BTC chief operating officer David Galan told Cointelegraph that the firm views itself as a dual-engine Bitcoin treasury company, aiming to hold Bitcoin as its preferred store of corporate cash and to acquire profitable, cash-generating businesses whose earnings can be swept into its Bitcoin reserves. He said the company is focused on building a portfolio of operating companies over time and sees long-term Bitcoin holding, rather than trading, as central to its strategy.

Farage deepens crypto ties as UK targets political donations

Farage’s involvement builds on an earlier investment in the company in March, when he acquired a minority 6.31% stake in the company alongside Kwarteng.

Galan stressed that Farage is a shareholder rather than part of Stack BTC’s management, and therefore has no role in day-to-day decision-making or in setting the company’s treasury policy, adding that Stack BTC aims to be a “serious” player in the UK Bitcoin ecosystem.

Related: UK lawmakers seek moratorium on crypto donations to political parties

Over the past year, Reform UK has emerged as the UK’s most prominent political group by crypto-linked funding, pulling in about $18 million in 2025 alone, ahead of the ruling Labour Party and the Conservatives. This development has drawn scrutiny from regulators and transparency campaigners.

In March, the UK government announced that it was advancing plans to temporarily ban crypto donations to political parties, following recommendations aimed at reducing the risk of opaque or overseas influence.

While Reform UK has leaned into its association with digital assets and positioned itself as receptive to crypto-backed support, policymakers are preparing tighter rules that could restrict one of the party’s fastest-growing funding channels.

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