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Stack BTC, promoted by Nigel Farage, loses 15% of asset value

financeJul 2, 2026572,724

Stack BTC, a bitcoin treasury advertised by Nigel Farage, has lost 15.48% of its asset value since launching in March, a decline the Guardian says equals about a £565,000 loss. The article says Farage has invested £215,000 in the company, owns 5.61% of its shares and appeared in a promotional video showing him spending £2m of the company’s money on bitcoin. Paul Withers is the largest shareholder with 20.72% and his gold dealer Direct Bullion paid Farage £270,000 for 12 hours’ work; Withers and Farage are the only two shareholders above the 5% threshold that carries voting rights. Kwasi Kwarteng is executive chair and holds 3.55% of Stack BTC. Finance figures quoted include Susannah Streeter of Wealth Club warning that pure bitcoin treasuries lack diversification and are highly volatile, Peter Schiff advising against investing in bitcoin treasury companies, and Dan Coatsworth of AJ Bell flagging the company’s multiple name changes and a previously stated intention to build a portfolio of cash-generative businesses. The Liberal Democrats urged a ban on MPs promoting specific financial services and products, and the article notes Farage is facing a standards probe over an undeclared £5m gift from Christopher Harborne.

Josiah Mortimer
@josiahmortimer.bsky.social

The Times (via Politico): "Christopher Harborne, who has given Reform £15 million and Nigel Farage personally £5 million, owns a jet fuel company that sources from refineries using large volumes of Russian crude oil."

60445d ago
Anti-Reform
@antireform.bsky.social

Why should Nigel Farage bother to attend House of Commons debates & votes, or worry about constituents in Clacton, when he's got lots of big earners like these on the go ... via Jonathan Pie

63145d ago
Mike Elrick
@elrick1.bsky.social

Prediction...Nigel Farage won't be fronting up Reform UK at the next General Election..the 5m and other money/house portfolio questions aren't going away.

24945d ago
The News Agents
@thenewsagents.co.uk

"He's raking it in from gold bullion, whilst talking about getting rid of workers' rights." How long can Farage keep up his 'man of the people' image when he's promoting gold bars online, and owns a £4m property portfolio? www.thenewsagents.co.uk/article/will...

10745d ago
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