Farage Goes Full HODL: £2M Bitcoin Purchase Makes UK's First Sitting MP to Stack Sats

Nigel Farage has officially joined the Bitcoin club with a £2 million ($2.5 million) purchase through Stack BTC Plc, becoming the first sitting UK MP and first UK political party leader to publicly buy the flagship cryptocurrency. Because nothing says "taking Britain back" quite like DCAing into the orange coin at a London office.

The transaction went down on April 13, 2026, at Blockchain.com's London headquarters, where Farage was filmed taking part in the buy. According to Stack BTC, this move represents a "landmark moment" for the firm's mission to build a corporate Bitcoin reserve. Farage, who holds a key equity stake in the company, made it clear that a Bitcoin treasury operation must actively accumulate the asset to maintain credibility. "We must actively accumulate," Farage emphasized, per the company's statement. Basically, you can't run a Bitcoin treasury without actually stacking sats—it's like opening a gym and never working out.

The £2.5 million buy was funded through recent capital raises totaling over £4.2 million ($5.25 million). Stack BTC's model involves acquiring profitable UK businesses and converting surplus capital into Bitcoin, effectively treating BTC as a long-term balance sheet asset. The company previously held 21 BTC and is now scaling aggressively, currently sitting on 68.19 BTC in its treasury. At current prices, that's not quite enough to move the market, but it's enough to make HM Treasury spit out their tea.

Backing the initiative is Kwasi Kwarteng, former UK Chancellor and Executive Chairman of Stack BTC, who wrote: "...our mission to build the UK's premier Bitcoin treasury company and put London at the centre of this new monetary era." Nothing says "serious financial innovation" like a former Chancellor cosplaying as MicroStrategy's UK division.

The move lands at an interesting time—Bitcoin has been experiencing recent price weakness, meaning Farage is buying the dip rather than chasing ATHs. This mirrors the MicroStrategy playbook, which has been buying Bitcoin during market weakness for months. Apparently, the man who helped deliver Brexit now wants to help deliver Bitcoin to the British balance sheet. Timing the market is impossible, but apparently not for politicians with equity stakes.

The purchase raises some eyebrows given