Dan Coatsworth, head of markets at AJ Bell, said: “Nigel Farage has invested £215,000 in a buy-and-build company which plans to invest in bitcoin while it looks for acquisition targets.
“Stack is chaired by former Chancellor Kwasi Kwarteng and having an association with two well-known political figures might help to boost the company’s profile.
“That is important given Stack has limited resources and may need to undertake multiple fundraisings if it wants to get the business off the ground.
“Having grand plans to build a portfolio of high-quality, cash-generative companies is one thing, executing on those plans and making them happen is another.”
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