British Reform Party leader Farage has acquired a stake in Stack BTC, a Bitcoin company run by the country's former Chancellor of the Exchequer.

CoinFeed reported on March 9th, citing Yahoo Finance, that Nigel Farage, leader of the UK's Reform Party, has invested in London-listed Bitcoin company Stack BTC. Farage, through his company Thorn In The Side Ltd, purchased 4.3 million shares at 5 pence per share, acquiring a 6.31% stake in Stack BTC, valuing the company at £3.4 million. This £260,000 funding round also attracted Blockchain.com as a strategic investor. Stack BTC, chaired by former Chancellor of the Exchequer Kwasi Kwarteng, plans to build a UK corporate portfolio while simultaneously holding a Bitcoin reserve. Blockchain.com, which registered as an FCA crypto asset business earlier this year, will collaborate with Stack to develop a Bitcoin reserve strategy.