Nigel Farage Invests in UK Bitcoin Treasury Firm Stack BTC
- Nigel Farage invested £215,000 ($286,000) in bitcoin treasury company Stack BTC (STAK).
- Stack BTC raised a total of £260,000 by selling 5.2 million new shares at £0.05 each.
- Farage will hold a stake of approximately 6.31% in Stack BTC following the share admission.
- The new shares are set to begin trading on the Aquis Growth Market on March 12.
- Stack BTC currently holds a treasury of 21 BTC and is chaired by former Chancellor Kwasi Kwarteng.
- Shares of Stack BTC rose by 12% to 6.875 pence as of the latest trading update.
Farage’s investment reflects his long-standing advocacy for bitcoin, emphasizing the UK’s potential as a global crypto hub. The involvement of Blockchain.com will aid Stack BTC in enhancing its bitcoin treasury infrastructure and custody services.
With an investment totaling £215,000, Farage aims to support Stack BTC’s mission while holding a significant stake in the firm.(Source)
