Nigel Farage has invested £215,000 in a cryptocurrency company chaired by former British chancellor Kwasi Kwarteng, underscoring the growing overlap between politics and the digital assets space.
The Reform UK leader bought Thorn in the Side Ltd through his personal investment vehicle. 4.3 million shares of Stack BTC. The shares were purchased for 5p each, giving Farage a 6.3 percent stake in the company.
Stack BTC is listed on the Aquis Stock Exchange in London and follows a strategy that focuses on building a portfolio of profitable companies while using excess cash to build Bitcoin holdings.
The investment represents a further step in Farage’s long-standing advocacy for digital currencies and his aim to position the UK as a global hub for cryptocurrency innovation.
Stack BTC’s business model follows a strategy that is increasingly being adopted by several companies worldwide: leveraging operating cash flows to build a “Bitcoin treasury.”
The company invests in established cash-generating businesses and invests excess capital into purchasing Bitcoin as a long-term store of value. This approach reflects the strategy of a number of US technology companies and publicly traded investment vehicles seeking exposure to cryptocurrency markets.
According to recent disclosures, the company currently holds 21 Bitcoin tokens worth more than £1 million. The total market value is around £3.85 million.
According to executives, the goal is to expand the company’s Bitcoin holdings over time while building a diversified portfolio of operating businesses capable of generating reliable cash flow.
Kwarteng joined the company’s board in November last year and now serves as executive chairman.
He and his wife Harriet jointly own a 5.4 percent stake in Stack BTC, worth about £185,000.
Kwarteng briefly served as Chancellor of the Exchequer in 2022 under the short-lived tenure of Liz Truss. His term in office lasted only 38 days and was marked by the controversial “mini budget”, which caused considerable turbulence on the financial markets and ultimately led to his dismissal.
Since leaving frontline politics, Kwarteng has taken on various finance and advisory roles.
He welcomed Farage’s investment, saying the move represents a strategic alignment between the company and one of the most vocal political supporters of cryptocurrency in the UK.
“Nigel’s unwavering support for the UK economy and his belief that Bitcoin will rapidly expand its role in finance fit perfectly with the company’s ethos and business plans,” Kwarteng said.
Farage has increasingly positioned himself as a prominent political supporter of digital currencies in the UK.
He has repeatedly argued that cryptocurrencies will play an important role in the future of global finance and called for the UK to become a leading center for crypto innovation.
“I have long been one of the few political supporters of Bitcoin in the UK and recognize the role that digital currencies will play in the future of business and finance,” Farage said after announcing the investment.
“London and the UK have historically been the center of the world’s financial markets, and I believe we can and should be an important global hub for the crypto industry.”
Its investment also reflects the broader policy positioning of Reform UK, which has embraced cryptocurrencies as part of its economic agenda.
Reform UK became the first major British political party to accept Bitcoin donations in May last year, signaling a more open approach to digital assets compared to other British parties.
Farage has promised that a reform government in Britain would usher in what he called a “crypto revolution,” including measures aimed at attracting blockchain companies and investment in digital assets.
The party’s biggest donor is billionaire investor Christopher Harborne, who has donated around £12 million to Reform UK. This includes a £9 million donation in the third quarter of 2025, the largest single donation by a living individual to a British political party.
Harborne has built his wealth largely through cryptocurrency and fintech investments.
In addition to Farage’s share purchase, Stack BTC announced a strategic partnership with Blockchain.com.
The collaboration will support the development of the company’s Bitcoin treasury strategy and provide custody, trading and digital asset management infrastructure.
Executives say the partnership will allow the company to grow its cryptocurrency holdings more efficiently while accessing institutional-grade technology and services.
Farage’s investment comes at a volatile time for cryptocurrency markets.
Bitcoin, the world’s largest digital asset, has fallen nearly 40 percent in the past six months due to global market turmoil. Investor sentiment was hit by geopolitical tensions, volatile commodity prices and tightening monetary policy in major economies.
The cryptocurrency was originally created in 2008 by an anonymous developer under the pseudonym Satoshi Nakamoto and exists entirely as a decentralized digital code recorded on blockchain networks.
Despite recent price declines, many investors and technology advocates continue to view Bitcoin as a long-term hedge against traditional financial instability.
The UK government is currently seeking a more structured regulatory framework for digital assets.
Chancellor Rachel Reeves has unveiled legislative plans that would regulate cryptocurrency businesses in a similar way to traditional financial firms.
The proposals aim to bring crypto exchanges, custodians and related services under the supervision of financial regulators while protecting consumers from market risks and fraud.
Industry advocates argue that clearer regulation could help attract global crypto companies to the UK. However, critics warn that digital currencies remain highly volatile and could expose retail investors to significant financial risks.
Farage’s investment highlights the growing intersection between politics, finance and new technologies.
As cryptocurrencies move ever closer to mainstream financial markets, more and more political figures are becoming involved in the industry as advocates, investors or political influencers.
Whether Stack BTC will ultimately succeed in building a profitable Bitcoin treasury strategy remains uncertain. However, the backing of two prominent political figures ensures that the company will attract attention as the UK debate over cryptocurrency regulation and adoption continues to evolve.
