Gate News Report, March 9 — UK Conservative leader Nigel Farage has invested in London-listed Bitcoin company Stack BTC. Farage acquired 43 million shares at 5 pence per share through his company Thorn In The Side Ltd, giving him a 6.31% stake in Stack BTC, valued at £3.4 million. This £260,000 funding round also attracted crypto company Blockchain.com as a strategic investor. Stack BTC is chaired by former Chancellor Kwasi Kwarteng and plans to build a UK corporate investment portfolio while holding Bitcoin reserves. Blockchain.com, which registered as an FCA-licensed crypto asset business earlier this year, will collaborate with Stack to develop Bitcoin reserve strategies. Farage stated that he has long been one of the few UK political advocates supporting Bitcoin and believes London should become a major global cryptocurrency hub.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
