Self-confessed Luddite Farage stashes his cash in Kwarteng's bitcoin business

If there’s one person Rats in a Sack would trust their hard-earned cash with unquestioningly, it would be Kwasi Kwarteng, the 38-day chancellor of the exchequer whose triumphant 2022 mini-budget caused the bond market to wobble, sent shockwaves through the mortgage industry and sent the pound tumbling to its lowest-ever level against the dollar.

So it’s no wonder that Nigel Farage has turned to the UK’s premier economic soothsayer to invest his hard-earned GB News spondoolicks, putting no less than £215,000 into Stack BTC, the bitcoin reserves business chaired by Liz Truss’s hapless former next-door neighbour.

The Reform leader, who has trousered more than £1 million in outside earnings since finally being elected as MP for Clacton, said he was delighted to “become an investor in Stack” and “lend my support to the team”.

“I have long been one of the UK’s few political advocates for bitcoin, recognising the role digital currencies will play in the future of business and finance,” he cheered. “I believe that we can and should be a major global hub for the crypto industry.”

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 now stands at 6.3%. “Nigel’s unwavering support for British business and belief that bitcoin is set to rapidly expand its role in finance is perfectly aligned with the company’s ethos and business plans,” Kwarteng said.

Suggested Reading

Raising taxes is the same as cutting them, claims Farage

Rats in a Sack

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. What a wonderful world!

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.”

Meanwhile, is Kwarteng any more savvy? Maybe not. In his social media video promoting his firm and Farage’s investment in it, he speaks of its “institutional credibility”, only for the very large on-screen caption to refer to something called “CREDABILITY”.