Nigel Farage, leader of Reform UK, has increased his personal holding in Stack BTC Plc (STAK), an Aquis-listed company building a Bitcoin treasury. The move deepens his financial commitment to a venture whose current Bitcoin position is modest — but whose ambitions are considerably larger.
On 17 March 2026, Farage invested a further £60,650 in the firm's £1.8 million equity raise, purchasing 606,500 shares at 10 pence each through his wholly-owned vehicle Thorn In The Side Ltd. His total holding now stands at 4,906,500 shares.
At 18 March 2026 trading levels of 9.75–10.00 pence, that stake is worth approximately £478,000–£491,000. His ownership percentage has, however, slipped from 6.31% to 5.70% due to dilution from the wider issuance, which comprised a placing of 15,794,000 shares (£1,579,400) and a subscription of 2,213,000 shares (£221,300). Gross proceeds totalled £1,800,700. A matching WRAP Retail Offer will follow via Winterflood.
Investors should note that Stack BTC remains an early-stage venture. According to BitcoinTreasuries.net, the company currently holds 31 BTC, with a market value of approximately $2.29 million. Its average acquisition cost stands at $71,592 per BTC, meaning the position is currently in profit at the prevailing price of around $74,000. The raise proceeds are earmarked for further acquisitions of cash-generative UK businesses, additional Bitcoin purchases, and working capital.
The company's “dual-engine” model aims to grow Bitcoin holdings per share through both operational profits and capital markets activity — a strategy broadly similar to that of larger Bitcoin treasury companies such as Strategy (MSTR), adapted for the UK market.
Former Chancellor of the Exchequer Kwasi Kwarteng serves as executive chairman of Stack BTC, bringing high-level macroeconomic and policy experience to the company's leadership. Farage himself has been among the few British politicians to publicly advocate for Bitcoin, stating previously: “We can and should be a major global hub for the crypto industry.”
The investment comes as Reform UK continues to poll strongly. According to POLITICO’s Europe Poll of Polls, Reform UK commands around 25% of voting intention, ahead of the Conservatives (17%), Labour (16%), Liberal Democrats (13%), and Greens (16%).
Farage’s deeper stake in Stack BTC signals both personal conviction in Bitcoin’s role in corporate balance sheets and a deliberate effort to engage with the UK’s growing crypto community. Whether Stack BTC can execute on its dual-engine strategy — and grow its 31 BTC position into something more significant — remains to be seen.
This article is for informational purposes only and does not constitute financial advice.