Reform UK party leader Farage has lost over £560,000 investing in Stack BTC

Foresight News reports, according to The Guardian, that Reform UK leader Nigel Farage has invested £215,000 in Bitcoin vault company Stack BTC, holding a 5.61% stake. Since the company’s establishment in March this year, the investment has dropped by 15.48%, with a loss of approximately £565,000. Stack BTC’s largest shareholder, Paul Withers (20.72% stake), is also owner of gold dealer Direct Bullion, which previously paid Farage £270,000 for 12 hours of brand promotion. Farage denies serving as Stack BTC’s brand ambassador, claiming he is merely a regular shareholder, though he did appear in the company’s promotional video.