UK Reform Party leader Farage invests in Bitcoin company Stack BTC

UK Reform Party leader Nigel Farage purchased 4.3 million shares of London listed Bitcoin company Stack BTC through his company Thorn In The Side Ltd for 5 pence per share, with a stake of 6.31% and a valuation of approximately £ 3.4 million. This round of £ 260000 financing also attracted the participation of cryptocurrency company Blockchain.com as a strategic investor. Stack BTC, chaired by former Chancellor of the Exchequer Kwasi Kwarteng, plans to establish a UK corporate investment portfolio and hold Bitcoin reserves. Blockchain.com has registered as an FCA cryptocurrency asset business and will collaborate with Stack BTC to develop a Bitcoin reserve strategy. Farage stated that he has long supported Bitcoin and believes that London should become the primary center for global cryptocurrency.