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Bitcoin firm advertised by Nigel Farage loses 15% of asset value

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Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plungeA bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against investing in those types of firms. The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies...

Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plunge

A bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against investing in those types of firms.

The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. 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.

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Bitcoin (ORG) Nigel Farage (PERSON) Stack BTC (ORG) UK (LOCATION) treasury (ORG) Stack (ORG)
Originally published by The Guardian Politics Read original →