Britain’s Crypto Ambitions Gain Momentum as Nigel Farage Backs Bitcoin Treasury Venture Led by Kwasi Kwarteng

A newly formed Bitcoin-focused corporate strategy in the United Kingdom is drawing attention from prominent political figures and established crypto infrastructure providers, signaling growing interest in integrating digital assets into traditional business models. Stack BTC Plc, chaired by former UK Chancellor Kwasi Kwarteng, has secured fresh capital from investors including Reform UK leader Nigel Farage as it moves to build a Bitcoin treasury and acquire British companies.

According to a March 9 announcement, the company raised approximately $347,204 through the issuance of 5.2 million new ordinary shares priced at 5 pence each. The proceeds will be directed toward a multi-pronged strategy that includes acquiring and scaling UK businesses, establishing a Bitcoin reserve, and supporting general operational needs.

Farage’s participation in the funding round reflects his long-standing advocacy for British enterprise and his interest in Bitcoin as both a financial asset and an emerging form of digital money. In comments accompanying the investment, he highlighted the United Kingdom’s historic role in global finance while arguing that the country should also position itself as a major hub for the crypto economy.

“London and the UK have historically been the center of the world’s financial markets,” Farage said, adding that the country “can and should be a major global hub for the crypto industry.”

His backing also underscores the importance of small and medium-sized enterprises to the British economy. SMEs account for roughly 60 percent of private sector employment in the UK, and Stack’s strategy of acquiring and expanding such businesses is designed to support long-term growth while integrating Bitcoin as part of the company’s balance sheet.

The initiative is being led by Kwarteng, who previously served as the UK’s Chancellor of the Exchequer. As executive chairman of Stack BTC Plc, he framed the investment as a natural alignment between the company’s mission and its supporters’ views on the future of finance.

“Nigel’s unwavering support for British business and belief that Bitcoin is set to rapidly expand its role in finance is perfectly aligned with the company’s ethos and business plans,” Kwarteng said in the statement.

Beyond political backing, the project has also attracted the participation of Blockchain.com, which will provide institutional-grade services to help manage the firm’s digital asset reserves. The crypto company was officially registered with the UK Financial Conduct Authority in February 2026, allowing it to operate legally as a crypto asset business within the country. Its infrastructure is expected to play a key role in securing and managing Stack’s Bitcoin treasury.

Stack BTC Plc plans to begin building its reserves with an initial purchase of 21 BTC, marking the first step in a strategy that mirrors a growing trend among corporations exploring Bitcoin as a treasury asset. Over time, the company intends to expand its holdings through a combination of equity financing, business acquisitions, and operating profits.

The firm’s newly issued shares are scheduled to begin trading on the Aquis Growth Market on March 12, providing investors with access to the company’s Bitcoin-focused strategy. Following the share issuance, Stack will have just over 68 million ordinary shares outstanding, each carrying one vote.

Within the current ownership structure, Farage controls approximately 6.31 percent of the company with 4.3 million shares, while Kwarteng holds about 5.43 percent. Other directors and investors hold the remaining equity.

As Stack enters the public market, it joins a small but growing group of UK companies adopting Bitcoin treasury strategies. Firms such as Smarter Web Company and Satsuma Technology have already accumulated significant holdings, reflecting a broader shift among businesses experimenting with digital assets as part of their long-term financial strategy.

If successful, Stack’s approach could represent another step toward embedding Bitcoin within the architecture of modern corporate finance in Britain.