Nigel Farage Buys £2M in Bitcoin Through Stack BTC, Becoming First Sitting UK MP to Do So
Summary
Nigel Farage, leader of Reform UK and a sitting Member of Parliament, has purchased £2 million worth of Bitcoin through Stack BTC, a UK-based corporate Bitcoin treasury firm, in what the company describes as a first for British political history.
Stack BTC announced the purchase Monday, billing Farage as the first sitting MP and party leader in the United Kingdom to publicly acquire Bitcoin. The move positions Reform UK — which has made pro-crypto stances a visible part of its policy platform — as the most explicitly Bitcoin-aligned party in Westminster at a time when digital asset regulation remains unsettled in the UK.
The purchase is structured as a corporate treasury allocation made on Stack BTC’s behalf, with Farage listed as a shareholder of the firm. That distinction matters: the Bitcoin sits on Stack BTC’s balance sheet, not in a personal wallet, a structure that mirrors the MicroStrategy-style treasury model gaining traction among publicly listed companies globally. Whether the arrangement meets Parliamentary standards for declaration of financial interests has not been addressed publicly by Farage or his office.
Reform UK has previously called for the UK to embrace digital assets as part of a broader economic growth agenda. The party frames Bitcoin adoption as a competitiveness issue rather than a speculative bet.
Stack BTC’s chairman and Farage’s roles within the firm were visible in promotional materials accompanying the announcement, though the full terms of his shareholder agreement were [not disclosed].