Nigel Farage, the leader of the UK's Reform Party, has bought a stake in Stack BTC. The Bitcoin

Nigel Farage Buys Into Bitcoin: Reform UK Leader Takes Stake in Stack BTC

Bitcoin just got a high-profile backer in British politics. Nigel Farage, leader of the UK Reform Party, has invested in London-listed Stack BTC. Through his investment vehicle Thorn In The Side Ltd, Farage picked up 4.3 million shares at 5 pence each—good for a 6.31% stake valued at £3.4 million. The £260,000 round also pulled in Blockchain.com as a strategic investor.

Stack BTC is chaired by former Chancellor Kwasi Kwarteng and has a dual mission: build a portfolio of UK businesses while holding a Bitcoin reserve. Blockchain.com, now FCA-registered for crypto asset business, will help shape the Bitcoin strategy. Farage, a long-time crypto advocate, says London should be a global crypto hub—and he's putting money behind that belief.