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Farage-Backed Stack BTC Buys $2.7M BTC Amid UK Crypto Scrutiny

Farage-Backed Stack BTC Buys $2.7M BTC Amid UK Crypto Scrutiny

The company now holds a total of 68.1898 Bitcoin, according to an April 13 filing.

Bitcoin News

Stack BTC, an Aquis-listed Bitcoin treasury company, purchased 2 million British pounds ($2.7 million) worth of Bitcoin on Monday, adding 37 Bitcoin to its holdings at an average price of roughly $72,385 per coin.

The company now holds a total of 68.1898 Bitcoin, according to an April 13 filing. The purchase follows a previously disclosed $286,000 equity investment by Nigel Farage, the leader of ReformUK, who holds a 6.31% minority stake in the company alongside Stack BTC chairman and former U.K. Chancellor Kwasi Kwarteng.

Stack BTC described Farage’s involvement as a landmark moment for Bitcoin in British politics, calling him the first sitting…

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