Get the app →
BriefTea logoBriefTea

Every story in sixty words

General · 6 July 2026

Farage-Backed Bitcoin Firm Leaves Investors Facing Losses

Farage-Backed Bitcoin Firm Leaves Investors Facing Losses

Investors have seen the value of their holdings fall after shares in the bitcoin venture dropped following its launch. Stack BTC, backed by Nigel Farage and chaired by Kwasi Kwarteng, has lost 15.48% of its asset value since March 2026. Farage invested £215,000 in the company, which reported a decline of about £565,000.

Reported by City AM · How we write briefs

More briefs

GeneralGoogle paying £260m to settle UK Play Store developer lawsuit PoliticsJames Cleverly steps down from the shadow cabinet to campaign for London mayor GeneralThe UK Navy just followed four Russian ships again GeneralSarah Ferguson is moving back to the UK following the Epstein scandal GeneralIcelanders vote on restarting EU membership talks after 13 years GeneralGoogle now auto-expands AI answers, pushing links down Browse all stories →