Nigel Farage is investing in a British bitcoin company led by former Chancellor Kwasi Kwarteng

Stack BTC Plc, chaired by ex-chancellor Kwarteng, has raised $347,000 from investors including Nigel Farage to back its Bitcoin treasury plan.

Stack BTC Plc has raised $347,204 from several organizations, including Nigel Farage, leader of the British Reform Party, and Blockchain.com.

The fundraising was done through the issue of 5,200,000 new ordinary shares at 5 pence per unit, with the plan to use the proceeds to acquire and develop UK businesses, build a Bitcoin (BTC) treasury and fund general working capital.

Fundraise from Stack BTC

A press release on March 9 indicates that Farage’s funding came as a demonstration of his long-term support for British business and the promotion of BTC. Throughout his career, the politician has supported local independent companies and talked about his belief in the potential of cryptocurrency OG as a financial asset and digital currency.

“London and the UK have historically been the center of the world’s financial markets and I believe we can and should be a major global center for the crypto industry,” Farage said in a press release.

He also highlights the importance of UK SMEs, which employ around 60% of the private sector workforce, adding that Stack’s approach to acquiring and growing businesses is a long-term capital and support strategy.

Blockchain.com provides institutional level services to support the BTC Stack reserve scheme on top of its investment. The company was officially registered with the UK Financial Conduct Authority (FCA) on February 10, 2026, a development that allows it to legally operate as a crypto asset business in the region.

Kwasi Kwarteng, Stack’s chief executive and former UK chancellor, welcomed the two as investors, saying the partnership closely aligned with the company’s goals.

“Nigel’s unwavering support for British business and his belief that Bitcoin will rapidly expand its role in finance is perfectly in line with the company’s ethos and business plans,” he wrote.

He added that the cryptographic service provider’s infrastructure will help the company maintain the highest standards of BTC storage services.

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The stock will begin trading in March

The new shares will be available for trading on the Aquis Growth market from March 12, 2026, and investors will also receive warrants that will be exercised in the future once certain conditions are met.

Stack will now have 68,130,000 shares of common stock outstanding, each carrying one vote. Of the total issued capital, the existing concert party of the company now makes up a total of 45.21%.

Farage currently controls 4,300,000 shares (6.31%), while Kwarteng owns 3,700,000 shares (5.43%), with the remaining units distributed among directors and other parties.

Stack announced in March that it will operate as a BTC treasury company and plans to start its reserves with the purchase of 21 BTC. The company intends to fund this future stockpile through share issuances, acquisitions and operating profit.

The company now joins established players in the UK BTC treasury space, including Smarter Web and Satsuma Technology, who hold 2,692 BTC and 620 BTC respectively, per BitcoinTreasuries data.