Nigel Farage, who doesn't 'do computers', buys £2m of bitcoin

“A landmark moment for Bitcoin in British politics,” posted Stack BTC, the bitcoin reserves business chaired by disastrous former chancellor Kwasi Kwarteng on social media today.

And it was: a sitting MP and a man convinced he is to be Britain’s next prime minister filling his boots by buying a whopping £2 million of bitcoin for a firm he is an investor in and over whose fortune his policies would decide were he ever to make it into Downing Street.

“We are about to place our bitcoin order,” says a beaming Nigel Farage in a promotional video set to music better suited to an eSports tournament. “Stack cannot be a bitcoin treasury unless we…”. Step forward new tech bro Kwarteng to finish his sentence with a cheering “Buy bitcoin!”.

“The company’s really starting to get moving, and what great partners we’ve got in Blockchain.com,” Farage then adds, panning out to a boardroom of men who all look like they have taken a photograph of Pete Hegseth to the hairdresser with them.

Farage turned to Kwarteng, the UK’s premier economic soothsayer, to invest his hard-earned GB News spondoolicks just last month, putting no less than £215,000 into the bitcoin reserves business chaired by Liz Truss’s hapless former next-door neighbour.

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Kwarteng, who stepped down as an MP in 2024, became executive chair of Stack BTC in October last year. He and his wife together own 5.4% of the company. Farage’s stake currently stands at 6.3%. The company’s biggest investor is Paul Withers, who is also the co-founder of the precious metals trader Direct Bullion. He has previously paid Farage for advertising investments in gold coins via his platform.

Farage has recently become a vocal cheerleader of cryptocurrency, devoting much of his 2026 new year’s message to how “we are at the dawn of a crypto revolution, and there is an exciting chance to make the UK the world’s premier hub for cryptocurrency and blockchain innovation”.

Curiously, though, in January the tech evangelist defended the fact he breached MPs’ rules 17 times by failing to register his financial interests within the time limit by claiming… he doesn’t “do computers”.

The parliamentary commissioner for standards ruled that the Reform leader failed to register a whopping £384,000 within the 28-day limit, including payments for his presenting stints on GB News, speaking engagements with Google and money earned through the Cameo message service.

Blaming someone else as ever – Farage said he had been “extremely let down by a very senior member of staff” – the MP said: “You may say, why don’t I enter those things myself. Well I don’t do computers… so I rely on other people to do those things for me. I’m not, I’m afraid, computer literate, which makes me yet more an oddball than perhaps I was before.”