The CEO of Stack BTC, a Bitcoin treasury company linked to the leader of the UK Reform Party, has resigned from the board.

CoinFeed reported on April 17th that, according to Decrypt, Jai Patel, CEO of Bitcoin treasury company Stack BTC, has resigned from the board, and David Galan has taken over as CEO. The company relaunched in March after completing a strategic restructuring, with Reform Party leader Nigel Farage investing approximately $291,000, and former Chancellor of the Exchequer Kwasi Kwarteng also involved. Stack BTC currently holds 68 bitcoins (approximately $4.76 million), with an average entry price of around $70,000. Earlier this week, the UK Liberal Democrats called on the FCA to investigate a Stack BTC promotional video featuring Farage, questioning whether it constituted market abuse and a conflict of interest.