Nigel Farage has increased his stake in Stack BTC, the bitcoin treasury company co-chaired by former Chancellor Kwasi Kwarteng, by investing an additional £60,650 at 10p per share. This follows his initial £215,000 commitment earlier this month, contributing to a total £1.8mn fundraising round. Alongside the institutional raise, Stack launched a retail share offer aiming to raise £250,000, offering shares at the same 10p price point.

However, retail participation was modest, with roughly 38 per cent take-up, equating to approximately £500,000 in subscriptions. The minimum investment required was £500. The company's dual strategy of pursuing a bitcoin treasury while owning cash-generative businesses appears unconventional, though it emphasizes diversification as a priority.

This development signals Farage's attempt to build a political "people's army" through Stack BTC, though the retail component proved less successful than hoped.