Reform UK's Nigel Farage invests in bitcoin-buying company

LONDON, March 9 (Reuters) - Nigel Farage, ‌leader of the ​populist Reform ​UK party, has invested in Stack BTC, a London-based company aimed at acquiring small British companies and investing surplus capital into bitcoin, a statement said ‌on Monday.

Farage, a public supporter of bitcoin who has secured big donations ⁠from crypto investors, has said he expects digital currencies to play a big part in financial markets in the ‌future.

Stack BTC said Farage, whose ‌party has led British opinion polls since early last year, had taken part in a 260,000 pound ($346,814) equity fundraising alongside industry player Blockchain.com, meaning he would own a 6% ​stake in the company.

Stack BTC's executive chairman is Kwasi Kwarteng, who as finance minister in 2022 delivered the mini budget of then Prime Minister Liz Truss which sparked ⁠a market meltdown.

Stack BTC is one of a growing number of digital asset treasury companies (DATs) which are listed companies set up ​to buy and hold cryptocurrency on their balance sheets, hoping that a rise in the price of crypto will boost their share price.

The ​number of companies taking this approach in the U.S. ‌boomed last year, encouraged by U.S. President Donald Trump’s pro-crypto stance.

Farage, a friend of Trump's, said of his investment that he wanted London ⁠to become a major global hub for the crypto industry.

"I am excited about Stack's plans to acquire and grow British businesses, representing permanent, supportive and long-term capital," he said in the statement.

Following Trump's election, ⁠the U.S. government and regulators have taken steps to support crypto, including enacting new legislation to facilitate ​the use of stablecoins and dropping key lawsuits against crypto companies.

Bitcoin soared after Trump’s election, but has slumped in recent months, wiping out most of its Trump-era gains.

Reform UK only holds eight of the 650 ‌seats in Britain's parliament, but has set its sights on major gains in a round of local elections in May, including votes for ‌the devolved parliaments of Scotland and Wales.

In the last three months of 2025, the party landed ⁠3 million pounds from crypto investor ‌Christopher Harborne, his second large ​donation to the party. He gave the party 9 million pounds in the previous quarter.

($1 = 0.7497 pounds)

(Reporting by Sarah Young and Elizabeth Howcroft; Editing by ‌Andrew Heavens)

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