$2.7M Bitcoin Buy: Politician-Backed Stack BTC Expands Treasury
Reform UK leader Nigel Farage has become the first sitting British MP and party leader to publicly endorse Bitcoin. Stack BTC, a company chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin for approximately $2.7 million, bringing its total holdings to 68.19 BTC. The firm allows UK investors to gain crypto exposure through public markets. Farage holds a 6.31% stake in the company. This move comes amid scrutiny over Reform UK receiving around $18 million in crypto-linked donations last year, prompting proposed government bans on such contributions. Farage’s investment marks a significant moment for Bitcoin in UK politics.
bitcoinist04/14 11:02
