Nigel Farage Backs Bitcoin Treasury Firm Chaired By Former Chancellor

Reform UK chief Nigel Farage has invested in Bitcoin treasury‑targeted agency Stack BTC Plc as a part of a £260,000 ($333,000) fundraising spherical break up between him and Blockchain.com, the corporate stated Monday.

“I’m delighted to have develop into an investor in Stack and lend my assist to the staff,” Farage stated in an announcement. “I’ve lengthy been one of many UK’s few political advocates for Bitcoin, recognising the function digital currencies will play in the way forward for enterprise and finance.”

The agency, previously referred to as Kasei Digital Property Plc, plans to purchase up corporations after which make investments the earnings they generate to fund their treasury. The proceeds of the fundraising spherical can be used to “provoke the Bitcoin treasury,” which is able to launch with 21 BTC price round $1.45 million, based on its web site.

A spokesperson for Blockchain.com advised Decrypt the partnership would contain offering institutional companies to the corporate, together with custody, staking and yield instruments.

Farage, Reform UK and crypto

For Farage, the funding marks one other stage in his more and more Trump-esque pivot to backing the crypto business. However his and his get together’s embrace of cryptocurrency—from accepting crypto donations to cultivating business assist—has additionally drawn rising scrutiny from lawmakers and anti‑corruption teams.

Reform UK turned the primary main British political get together to just accept crypto donations in June 2025, a transfer that prompted criticism from transparency campaigners and a few lawmakers who warn the follow might open the door to cash laundering or international interference in elections. Reform has not disclosed any giant donations made utilizing crypto, and the donation web page on its web site seems to be damaged.

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Late final 12 months, Reform UK accepted an $11.4 million donation, the most important ever reward from a dwelling donor, from DigFinex shareholder Christopher Harborne—albeit not within the type of crypto. Nonetheless, the donation prompted requires an investigation from each the Liberal Democrats and the Labour Celebration, the latter of which referred to as on Reform to supply extra particulars on whether or not it has acquired crypto donations.

Final week, Labour MP Rushanara Ali joined a rising record of MPs calling for an outright ban on crypto political donations, describing them as a possible vector for “international interference in our democracy.” A number of parliamentary committee chairs have additionally urged the federal government to ban such donations completely, arguing that the pseudonymous nature of cryptocurrency transactions might make enforcement of marketing campaign finance guidelines tougher.

Advocacy teams together with Highlight on Corruption have echoed these considerations, saying regulators at the moment lack the powers to adequately monitor the dangers related to crypto‑based mostly political funding.

Farage himself has constructed shut ties to the crypto business past politics. Monetary disclosures present he earned £20,000 ($25,600) for talking on the Zebu Dwell crypto occasion in October, £30,000 ($38,400) for an look at a Blockworks convention and £7,410 ($9,500) for on the Bitcoin Convention.

However Farage is not the one politician concerned in Stack. Its government chairman is former chancellor Kwasi Kwarteng, who served below Liz Truss for 38 days throughout her quick‑lived premiership in 2022.

“We’re delighted to welcome Nigel Farage and Blockchain.com as strategic buyers in Stack,” Kwarteng stated in a tweet. “Nigel’s lengthy‑standing assist for British enterprise and his perception that Bitcoin will play an increasing function in world finance align intently with our imaginative and prescient.”

The pleasant relationship might increase eyebrows given the pair’s previous political clashes. In an April 2025 column within the i newspaper, Kwarteng warned about what he described as a “menace from the populist proper” in Britain, singling out Farage and Reform UK.

“Feeding off resentment and disaffection, Farage is a perpetual oppositionist, recurrently specializing in single points that achieve him media and public consideration,” he wrote on the time.

Reform figures have beforehand focused Kwarteng as effectively. In November 2024, Reform’s Spokesperson for Dwelling Affairs Zia Yusuf posted a ballot on social media asking followers to vote on the worst chancellor of all time, with Kwarteng receiving 54% of responses.

Each Reform UK and Stack BTC have been approached for remark.