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The Guardian - UK
The Guardian - UK
Politics
Helena Horton

Bitcoin firm advertised by Nigel Farage loses 15% of asset value

Nigel Farage Bitcoin Stack Reform Crypto United States
A billboard showing a banknote with Nigel Farage’s face on it.
Nigel Farage, who faces a standards probe over an undeclared £5m gift from a crypto billionaire, is the second largest shareholder in Stack BTC. Photograph: Vuk Valcic/Zuma Press Wire/Shutterstock

A bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against those types of firms.

The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies with the increase in value it gets from holding bitcoin.

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