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- Stack BTC bought 37 BTC for about $2.7 million, bringing its treasury to 68,1898 BTC.
- Nigel Farage, who already owns nearly 6% of the company’s shares, has become one of the most prominent political backers of the company’s Bitcoin strategy.
Stack BTC added another $2.7 million worth of Bitcoin to its balance sheet, expanding a treasury strategy that is now closely linked, both politically and financially, to UK reform leader Nigel Farage.
According to the April 13 company Depositthe UK-listed company purchased 37 bitcoins at a price of approximately $72,385 per coin. This brings Stack BTC’s total holdings to 68,1898 BTC, an important step for a company that only started building its treasury this year.
Stack continues to build its Bitcoin reserve
The purchase fits into the company’s broader model, which combines… Bitcoin Accumulation through a strategy of building or acquiring cash-generating businesses can help support treasury growth over time.
Stack BTC is listed on London’s Aquis exchange and has increasingly positioned itself as a British version of the public company Bitcoin treasury trading that has spread more aggressively in the US.
This latest purchase also indicates that the company remains in accumulation mode despite the volatile market backdrop. Buying at a price of around $72,385 per coin isn’t exactly bargain basement territory, making the move look more like conviction than opportunism.
It’s becoming harder to separate Farage’s cryptocurrency connections from the story
Farage’s relationship is important here because he does not merely provide rhetorical support. In March, he invested £215,000 in Stack BTC through his company Thorn In The Side Ltd, where he took a roughly 6.3% stake. The fundraising round also included Blockchain.com.
This has turned Stack BTC into something more than just a treasury company. It has now become part of the wider political conversation in the UK around cryptocurrencies as well. Farage has been one of Britain’s most outspoken political advocates for bitcoin, and his involvement gives the company visibility that most small listed treasuries don’t typically get.
