Nigel Farage reports £2m Bitcoin purchase via Stack

On April 13, listed UK bitcoin treasury firm Stack announced it bought 37 bitcoins for £2 million on its balance sheet. The purchase brought the company’s total holdings to 68 BTC, which Stack valued at about $4.8 million based on the prices it cited. Nigel Farage reported the transaction and the purchase was made through the company rather than a private wallet.

Stack released a video alongside the announcement that hinted at further bitcoin purchases and described the acquisition as “the beginning of a great journey.” The company framed the April purchase as part of routine treasury management for a firm that publicly holds bitcoin.

Earlier in 2026 Farage invested £215,000 through his company Thorn In The Side Ltd, taking roughly a 6% stake in the Aquis-listed firm, which is chaired by former Chancellor Kwasi Kwarteng.

Campaign records show Reform UK has received sizable donations tied to cryptocurrency. Those records list about £4 million from Ben Delo and roughly £9 million from investor Christopher Harborne in the past year. Harborne has stated in court filings that he owns 12% of the Bitfinex exchange. Records also show Harborne provided funds for travel and has been a major donor to Farage’s previous campaigns.

Electoral regulations require parties to treat crypto gifts as non-cash donations, report their value in pounds and confirm donor identities. Additional checks apply for donations above £500; parties must convert and declare crypto contributions in their accounts.

Farage has advocated easing some regulations on the crypto sector and Reform UK officials have said they would pursue a friendlier regulatory environment if the party gains power. The disclosure of the Stack purchase has drawn criticism and prompted questions about how elected officials should handle cryptocurrency holdings and how crypto-linked donations are reported.