Stack BTC has replaced its chief executive after founder Jai Patel stepped down from the board, with David Galan taking over to lead the Bitcoin-focused investment firm.
The leadership change follows the company’s strategic shift to a Bitcoin treasury model backed by political figures, including Reform UK leader Nigel Farage, who invested about $291,000.
“Stack BTC isn't a fund. It isn't a single-thesis bet. It acquires cash-generative operating businesses and uses that engine to accumulate Bitcoin,”
The company said.
Stack BTC currently holds around 68 Bitcoin valued at $4.76 million, with an average entry price near $70,000 and a reported gain of 2.7%.
The firm relaunched in March after rebranding from Kasei Holdings, positioning itself as a vehicle that acquires profitable businesses to fund ongoing Bitcoin accumulation. Following the announcement the Stack BTC position was unchanged at $XX.
The move comes amid growing scrutiny over political involvement in crypto, with the Liberal Democrats calling for a regulatory probe into Farage’s promotion of the company.
Debate is also intensifying around crypto’s role in UK politics, particularly regarding campaign financing and potential regulatory risks as authorities consider tighter oversight.
At the time of reporting, Bitcoin price was $74,723.81.