Stack BTC, the Aquis Exchange listed Bitcoin treasury firm chaired by former UK Chancellor Kwasi Kwarteng, purchased 37 Bitcoin worth 2 million British pounds (about $2.7 million) on April 13. The filing showed the purchase was made at an average price of about $72,385 per coin, bringing total holdings to 68.1898 BTC. The company said the acquisition marks the start of a longer-term Bitcoin treasury strategy.
The move deepens ties with Nigel Farage, leader of Reform UK, who previously invested about $286,000 in Stack BTC and acquired a minority 6.31% stake in March alongside Kwarteng. The company described his involvement as a landmark moment, making Farage the first sitting UK member of parliament and political party leader to publicly back Bitcoin through a treasury linked company.
Stack BTC shares (STAK) rose 7.5% to $14.43 from $13.43, after strong March trading ranked it the number-one traded stock on Aquis. Meanwhile, UK policymakers are advancing plans to temporarily ban crypto donations to political parties after Reform UK raised about $18 million in crypto-linked funding during 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
Leave a Reply