Farage just gave Kwasi Kwarteng £215,000 for Bitcoin, yes really

Correction, Tuesday 10th March 2026, 09:10: a previous version of this article stated that Paul Withers paid Nigel Farage in gold coins for promoting Direct Bullion. This was incorrect. Farage was actually paid £280,000 and then £135,000 for promoting investment in gold coins via Direct Bullion. The article has been updated to reflect this.

Nigel Farage has ‘invested‘ in Kwasi Kwarteng’s Bitcoin company, Stack BTC. Yes, the Reform UK Leader has given Liz Truss’ failed Chancellor £215,000 for some fucking reason.

Farage is a longtime fan of cryptocurrency, presumably because it’s as real as most of his policies.

Speaking about the investment, man of the people, Farage, said:

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.

Farage up to no good? Surely not

He apparently bought 4.3 million shares of Stack BTC at 5p a share. This was all done through his company Thorn In The Side, which he’s regularly used to reduce his own tax bill.

The huge amount Farage has pumped into Stack BTC means he also owns a significant share of the company at 6.3%. Kwateng and his wife together only own 5.4% of the company.

Then there’s the fact of where Farage’s own investment comes from. Reform UK has received over £12 million in donations from Crypto billionaire Christopher Harborne. We’ve heard of a circular economy, but this is ridiculous.

But it doesn’t stop there, Stack BTC’s biggest investor is Paul Withers. The co-founder of the precious metals trader Direct Bullion previously paid Farage massive sums for advertising investments in gold coins. Farage was paid twice in 2025 for promoting Direct Bullion. In August 2025, The Observer reported Farage was paid £280,000. Then, in December of the same year, Byline Times reported that Withers paid him an extra £135,000. That’s £415,000 in total.

As the Canary’s Alex/Rose Cocker reported:

Reform are not a party of the common man. They are not a friend of the everyday resident of the UK just trying to get by. As their donation history – and Farage’s flip-flopping talking points – makes clear, the party is wrapped around the finger of anyone they think will launch them to power.

Conman

Whilst rich conmen like Farage shill for crypto, the facts speak for themselves. Partly thanks to Trump’s tariffs, the value of cryptocurrency has fallen by 23% this year alone.

At the end of the day, Farage is going to keep playing businessman as seriously as he’s playing politician. Because let’s face it, he’s so rich, the consequences of the country being lured in by Reform won’t hit people like him.

Featured image via the Canary