Nigel Farage invests in crypto firm led by Kwasi Kwarteng

"Stack BTC is listed on the Aquis Stock Exchange in London and operates a strategy centred on building a portfolio of profitable businesses while using surplus cash to accumulate holdings of Bitcoin. The investment represents a further step in Farage's long-standing advocacy of digital currencies and his ambition to position the UK as a global hub for cryptocurrency innovation."

"Stack BTC's business model follows a strategy increasingly adopted by several companies globally: using operational cash flows to build a 'bitcoin treasury'. The company invests in established, cash-generating businesses and channels excess capital into purchasing bitcoin as a long-term store of value. This approach mirrors the strategy pursued by a number of US technology firms and listed investment vehicles seeking exposure to cryptocurrency markets."

"The firm currently holds 21 bitcoin tokens valued at more than £1 million, according to its most recent disclosures. Its overall market valuation stands at roughly £3.85 million. Executives say the goal is to expand the company's bitcoin holdings over time while also building a diversified portfolio of operating businesses capable of generating reliable cash flow."

Nigel Farage purchased 4.3 million shares in Stack BTC through his investment vehicle Thorn in the Side Ltd, acquiring a 6.3 percent stake at 5p per share. Stack BTC, listed on the Aquis Stock Exchange, operates by building a portfolio of profitable businesses while using surplus cash to accumulate Bitcoin holdings. The company currently holds 21 Bitcoin tokens valued over £1 million with a market valuation of approximately £3.85 million. Former Chancellor Kwasi Kwarteng serves as executive chairman and holds a 5.4 percent stake with his wife valued at £185,000. This investment demonstrates Farage's continued advocacy for digital currencies and his vision of positioning the UK as a global cryptocurrency innovation hub.

Read at Business Matters