BREAKING EXPOSE: Nigel Farage gets into bed with Kwasi Kwarteng on a PLC bitcoin grift - Reform voting idiots will get their financial trousers taken down as they follow their leader

It is one of those days when you despair for the entire political class. Nigel Farage claims to be economically sound but has just got into bed with the UK’s worst ever chancellor Kwasi Kwarteng and has paid more than £200,000 to invest in bitcoin at a 56% premium to fair value. Now his moronic followers in Reform UK are piling in and paying more than twice fair value. Follow your leader and get your financial trousers taken down.

Let me explain. Kwasi Kwarteng and his chums met up with a City financier called Andrew Monk who attended Oriel College Oxford so must be a jolly good fellow. Monk introduced them to a busted and failed bitcoin investment company called Kasei Digital listed on the very junior AQSE Market, home to all sorts of complete and utter scumbags and Amazing fraud.

Kwasi and his chums put in £200,000 at just 1p on 21 January 2026 and changed the name to Stack BTC (STAK). The NAV per share following that fund raise, the amount that could be invested, was just 0.5p. But as if by magic the deadwood press fawned over Kwasi as some sort of economic genius who, notwithstanding his record as chancellor for 43 days under Liz Truss, could turn lead into gold, or who could make money multibag using e-tulips.

The shares moved on and by 23 February Kwasi and the gang were able to raise £2.16 million gross at 5p.  Yes: by doing absolutely nothing they had turned their 1p into 5p. Wowza. It is a shame Kwasi could not perform such magic on the UK economy during his time in charge.

The NAV per share post that fund raise would have been c 3.2p assuming costs of c £150,000 for broker Monk and other City parasites. But, sadly, it has come down since then. Firstly there are costs. You have to pay for talent. So for a company which does nothing of use at all, it just buys bitcoin you need a full management team.  You need to pay that Monk chap a monthly retainer. Then there are the PR operatives, Yellow Jersey a firm known for smearing journalists who point out inconvenient truths about their fraudulent clients. Morally bankrupt Yellow Jersey doesn’t come cheap.

So with every day that goes by the NAV will go down. Worse still on March 6 Kwasi showed his economic genius with news that he had spent over a million quid of shareholders cash ( half his balance sheet) buying 21 bitcoin at £53,729. The bitcoin price is now, just a few days later £50,882. Well done Kwasi. Great timing. You really are an economic genius.

So the NAV per share before today was, at best 3.1p. But today Nigel Farage has with others invested another £260,000 at 5p. I know that Farage believes in bitcoin but why not just buy bitcoin at face value rather than overpay by 56% for a play on bitcoin? It is madness.

The PLC costs of Stack will be at least £250,000 a year and that means that if it puts all the cash it now has into bitcoin it would own bitcoin worth c£2.2 million. But it would need that bitcoin to go up in value by 10% per annum just to offset the PLC costs so maintain NAV per share at the current 3.1p! If bitcoin goes up by 10% a year then had Farage put his cash direct into bitcoin, then a) he would not have overpaid by 56% and b) he would make 10% per annum not zero.

It all helps Kwasi and his chums who got in at 1p. It is a nice earner for Monk and the journalist smearing PR scumbags on fat monthly retainers. But Farage is clearly overpaying. So far he looks smart but that is only because dumb Reform UK muppets are following their dear leader and are now paying 7p per share. So they are paying 120% too much for their shares, a monster premium to fair value.

When they lose money, for gravity cannot be defied forever, they know who to blame: Nigel Farage MP.