Nigel Farage Invests £2 Million in Bitcoin, Supports Kwasi Kwarteng’s Crypto Firm
Nigel Farage has bought £2 million of bitcoin in a move tied to a crypto reserve firm. He appears in a promotional video for Stack BTC, which is chaired by former chancellor Kwasi Kwarteng.
Stack described the purchase as a landmark moment in British politics. The company said Mr Farage is the first sitting MP and party leader to publicly buy bitcoin.
Details of the investment
Farage previously invested £215,000 in Stack in March. Stack is based in London and listed on the Aquis exchange.
The firm builds a portfolio of companies and channels surplus cash into bitcoin. Its stated aim is to accumulate a substantial bitcoin treasury over time.
Political links and funding
Reform UK has pledged to liberalise the bitcoin market. The party has accepted sizable donations from crypto billionaires.
- Christopher Harborne, based in Thailand.
- Ben Delo, based in Hong Kong.
The government has moved to ban crypto donations to political parties. It has also asked the Electoral Commission to examine possible undeclared crypto donations.
Media coverage has framed the story with headlines such as Nigel Farage Invests £2 Million in Bitcoin, Supports Kwasi Kwarteng’s Crypto Firm. The coverage links his purchase to broader party policy and donor relationships.
Criticism from Labour
Labour questioned why Farage invested with Mr Kwarteng, who became Stack’s executive chair last October. Party chair Anna Turley criticised the association and questioned Reform’s priorities.
Richard Tice and tax allegations
Farage defended his deputy, Richard Tice, amid tax-related accusations. Mr Tice is the party’s business spokesperson and co-owner of Reform UK with Farage.
The Sunday Times reported that Mr Tice may have received at least £91,000 in excess dividend payments. Tax expert Dan Neidle said the company may have broken the law.
Farage rejected that critique and described the tax issue as complex. He said there was no evidence Mr Tice had evaded tax.
Immigration inquiry and “Boriswave”
At a press conference, Farage announced plans for an inquiry into the so-called “Boriswave.” He said the influx of non-EU migrants between 2020 and 2024 could impose long-term costs.
Farage warned that if a couple of million people received indefinite leave to remain in the next 18 months, the country would face an “economic millstone.” He defended former Conservative figures who joined Reform, including Suella Braverman and Robert Jenrick.
Requests for comment
Filmogaz.com asked Reform UK for comment on the bitcoin purchase and related matters. The party’s statements and responses remain central to ongoing scrutiny.
