Bitcoin firm Stack BTC, advertised by Nigel Farage, loses 15% of asset value since March launch
By
Helena Horton
Summary
A bitcoin treasury company called Stack BTC, which has been advertised by Reform UK leader Nigel Farage (who invested £215,000 in it), has lost more than 15% of its asset value since launching in March — a loss of £565,000. Finance experts have warned investors against such firms, and the Liberal Democrats have called for a ban on MPs advertising these types of investments.
Source
bskyBitcoin firm Stack BTC, advertised by Nigel Farage, loses 15% of asset value since March launchtheguardian.comKey quotes
· 3 pulledThe company's investments have fallen 15.48% since its launch in March this year, which is a loss of £565,000.
A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies with the increase in value it gets from holding bitcoin.
The Liberal Democrats have called for MPs to be banned
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