British Reform leader Nigel Farage has become the first sitting British MP and party leader to publicly support Bitcoin – a distinction his own company was quick to highlight when announcing its involvement.
A business built around a single asset
Stack BTC, listed on the Aquis exchange and chaired by former British Chancellor Kwasi Kwarteng, bought 37 Bitcoins for about $2.7 million, or about £2 million, on Monday. The purchase price came to approximately $72,385 per piece. The company now holds 68.19 BTC in total.
Stack BTC presents itself as a way for UK investors to gain exposure to crypto via public markets – essentially a listed vehicle that holds Bitcoin so that ordinary shareholders don’t have to hold it themselves. Its stock price rose 7.3% on Monday to close at $14.42, up from $13.42 at Friday’s close.
BREAKING: Nigel Farage bought £2 million worth of Bitcoin for Stack BTC – becoming the first sitting MP and first UK political party leader in history to publicly purchase Bitcoin.
A landmark moment for Bitcoin in British politics.$STAK @Nigel_Farage @blockchain @kwasi_stackbtc… pic.twitter.com/O614kKe5TN
– Stack BTC (@stackbtc_) April 13, 2026
Farage already had skin in the game before Monday’s announcement. He disclosed a $286,000 stake in Stack BTC, giving him a 6.31% minority stake in the company. Kwarteng also has a stake. Both investments were disclosed in March.
In a video linked to Monday’s purchase, Farage said a Bitcoin cash company couldn’t operate without actually holding BTC. Kwarteng said the company had made significant progress in recent weeks.
Source: Investegate
Reform UK Raised $18 Million in Crypto Donations Last Year
The announcement comes at a delicate time for Farage politically. Over the past year, Reform UK has raised around $18 million in crypto-related donations, more than either the ruling Labor Party or the Conservatives.
BTCUSD trading at $71,961 on the 24-hour chart: TradingView
This figure has attracted the attention of regulators and transparency groups. The UK government responded by pushing ahead with plans to temporarily ban crypto donations to political parties. British lawmakers have since called for a moratorium on such contributions.
The proposed ban would remove one of Reform UK’s most productive sources of funding. Farage has not publicly addressed this conflict directly.
Bitcoin support puts Farage ahead of UK political rivals
Reports indicate that no other sitting UK MP or party leader has adopted a comparable financial position in Bitcoin. Stack BTC described Farage’s involvement as a historic moment for Bitcoin in British politics.
The validity of this framework depends in part on what happens next in Parliament, where restrictions on crypto donations are still being enforced.
Featured image from Protos, chart from TradingView
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