Search results for Kwasi Kwarteng
Crypto
UK-listed Stack BTC seeks to buy precious metals seller Direct Bullion to fund bitcoin purchases
UK-listed Stack BTC is pursuing the acquisition of precious metals seller Direct Bullion to secure funds for additional bitcoin purchases. The company disclosed a non-binding proposal valued at up to 12 million pounds, combining cash, shares and performance-linked payments. Stack BTC said it plans to use operating cash flow to expand its bitcoin holdings and views gold as a physical asset similar to bitcoin. The deal would be a related-party transaction and a reverse takeover.
Crypto
Former UK prime minister says Britain in structural economic stagnation, backs bitcoin
Former British Prime Minister Liz Truss said Britain has been stuck for decades and blamed the country\'s long-term stagnation on currency debasement and flawed monetary policy. She said inflation and new money issuance have driven down the pound\'s value and that the current financial environment has increased interest in bitcoin. Truss warned the system is designed to tighten centralised control through regulation and taxation and argued bitcoin can counter that trend.
Crypto
Reform UK leader Farage discloses $2.5 million bitcoin purchase
Nigel Farage, a British lawmaker and leader of Reform UK, disclosed a $2.5 million bitcoin purchase. The transaction was carried out through London-listed bitcoin treasury firm Stack BTC Plc and was described as the first case of a sitting British member of parliament publicly buying bitcoin. Stack BTC said its holdings rose to 68.19 BTC from 21 BTC. The firm says it converts surplus capital into bitcoin after acquiring profitable UK businesses.
