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Nigel Farage invests in the UK Bitcoin asset company Stack/n
Investing.com – UK Conservative Party leader Nigel Farage invested £215,000 ($286,000) in the Stack BTC (STAK) funding round. The UK-listed Bitcoin asset company also received participation from Blockchain.com in this funding round.
The company announced on Monday that it raised £260,000 by selling 52 million new shares at a price of 5 pence per share. The new shares are expected to begin trading on the Aquis Growth Market on Thursday.
Farage invested through his Thorn In The Side Ltd. company and will hold a 6.31% stake in Stack after the new share issuance.
Farage stated that he has long supported Bitcoin and believes the UK should position itself as a global hub for the cryptocurrency industry.
The Conservative Party is leading in polls and is trying to gain support from crypto voters by accepting cryptocurrency donations.
“I have long been one of the few Bitcoin advocates in UK politics,” he said in a statement, adding that London should continue to strengthen its role as a financial innovation center.
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