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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Stack BTC, the Bitcoin treasury company listed on the Aquis market and chaired by former Chancellor Kwasi Kwarteng, said it has added 37 Bitcoin (BTC) to its treasury for £2 million (about $2.7 million). The purchase brings the firm’s total holdings to approximately 68.1898 BTC, and was executed at an estimated price of about $72,385 per unit.
The company described the transaction as part of an accumulation strategy designed to provide exposure to Bitcoin through UK public markets. Stack BTC said the purchase deepens its ties with Nigel Farage, leader of the Reform UK party and a Member of the British Parliament.
Farage previously disclosed an investment of $286,000 in shares of the firm, acquiring a minority stake of 6.31% alongside Kwarteng in March.
Stack BTC said the deal marks a “historic moment for Bitcoin in British politics,” with Farage becoming the first UK parliamentarian and party leader to publicly back the cryptocurrency through a direct investment.
In a company video, Farage said the company could not be a Bitcoin treasury without holding Bitcoin. Kwarteng added that the firm had made “enormous progress” over the past few weeks.
Stack shares (STAK) reacted positively to the announcement, rising 7.5% on Monday and closing at $14.43, compared with $13.43 the previous Friday.
Farage’s backing of Bitcoin comes amid heightened scrutiny of Reform UK’s funding sources. The party has positioned itself as the largest recipient of cryptocurrency-linked funding in the United Kingdom, raising approximately $18 million in crypto donations in 2025 alone, ahead of the ruling Labour Party and the Conservatives.
Among donors is Christopher Harborne, a crypto investor who contributed £9 million to the party and, according to court filings, holds a 12% stake in Bitfinex, a subsidiary of Tether. Ben Delo, co-founder of BitMEX, also donated £4 million to Reform UK.
In March, the British government announced plans to temporarily ban cryptocurrency donations to political parties, following recommendations intended to reduce the risk of foreign influence in domestic politics. The measure would directly threaten one of the fastest-growing funding channels for Reform UK.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
