"I have long been one of the UK's few political advocates for Bitcoin, recognising the role digital currencies will play in the future of business and finance. London and the UK has historically been the centre of world's financial markets, and I believe that we can and should be a major global hub for the crypto industry."
"Nigel Farage has acquired a significant stake in a Bitcoin reserve business helmed by Liz Truss's former chancellor Kwasi Kwarteng. The Reform UK leader has invested 215,000 in Stack BTC, participating in an equity fundraise that also saw involvement from Blockchain.com."
Nigel Farage, leader of Reform UK, has made a significant investment in Stack BTC, a Bitcoin reserve business led by Kwasi Kwarteng, the former chancellor under Liz Truss. Through his investment vehicle Thorn In The Side Ltd, Farage purchased 4.3 million shares at 5p per share for £215,000, securing a 6.3% ownership stake. The investment was part of a broader fundraise that included participation from Blockchain.com, totaling £260,000. Farage justified the investment by emphasizing his long-standing support for Bitcoin and digital currencies, arguing that the UK should establish itself as a major global hub for the crypto industry. Labour Party critics questioned the investment's wisdom given Kwarteng's association with the failed mini Budget under Liz Truss.
Read at www.independent.co.uk
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