Nigel Farage Acquires Stake in Bitcoin Treasury Firm Stack BTC
- Nigel Farage has acquired a 6.3% stake in Stack BTC, a London-listed company focused on building a growing Bitcoin treasury.
- Farage purchased 4.3 million shares, valuing Stack BTC at approximately £3.4 million (over $4.5 million).
- The investment round included Blockchain.com to aid in developing the company’s Bitcoin treasury strategy.
- Stack BTC, chaired by former chancellor Kwasi Kwarteng, made its first Bitcoin purchase on March 3, acquiring 21 BTC for around $1.5 million.
- Farage has promoted deregulation of the crypto sector and supports the “Cryptoassets and Digital Finance Bill” which includes a 10% capital gains tax on crypto.
Nigel Farage’s investment in Stack BTC underscores his commitment to promoting digital currencies and positioning Britain as a significant hub for the crypto sector.
Source (3.2)https://cryptobriefing.com/nigel-farage-bitcoin-investment/?rand=59535
