Stack BTC buys $2.7M Bitcoin as Farage backs

Stack BTC has purchased $2.7 million worth of Bitcoin as Nigel Farage deepens his involvement with the Aquis-listed treasury firm, linking UK politics more closely with crypto markets.

The company bought 37 Bitcoin at an average price of about $72,385 per coin, bringing its total holdings to 68.1898 BTC as part of its treasury strategy.

The purchase follows Farage’s $286,000 equity investment and marks what the firm described as a “landmark moment for Bitcoin in British politics,” positioning him as the first sitting UK party leader to publicly back Bitcoin.

Farage said Stack BTC could not operate as a Bitcoin treasury company without holding the asset, while chairman Kwasi Kwarteng added the firm had made “massive progress” in recent weeks.

The move comes as the UK government advances plans to restrict crypto donations to political parties, raising questions about the future of crypto-linked funding channels that have supported Reform UK.

Stack BTC shares rose 7.5% to $14.43 following the announcement, reflecting positive investor sentiment around the firm’s expanding Bitcoin exposure.

Reform UK has emerged as a leading recipient of crypto-linked political funding, drawing about $18 million in 2025, but faces increasing regulatory scrutiny as policymakers push for tighter oversight of digital asset donations.

At the time of reporting, Bitcoin price was $74,320.96.