Kwasi Kwarteng Heads Bitcoin Stack BTC, Holds 31 BTC
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Kwasi Kwarteng served as UK Chancellor for only weeks in September 2022, ending a 14‑year political career with senior cabinet roles.
- Kwasi Kwarteng said the 2022 mini‑budget was “very, very rushed,” a rollout that spiked gilt yields and exposed the UK’s liability‑driven investment pension crisis.
- Kwasi Kwarteng warned the UK is trapped in a fiscal “doom loop” where spending outpaces tax revenue and higher taxes erode economic incentives.
- Kwasi Kwarteng criticized short‑term‑driven politics and markets, urging a longer‑term view of money and digital assets.
- Kwasi Kwarteng is now executive chairman of Stack BTC, a UK bitcoin treasury firm that holds 31 BTC on its balance sheet.
- Kwasi Kwarteng's Stack BTC received a 6 % stake from Reform UK leader Nigel Farage.
Why it matters: Kwarteng’s pivot gives Stack BTC high‑profile political backing and links the firm to Reform UK leader Nigel Farage, while highlighting the UK’s reluctance to embrace digital assets and pressuring the Treasury and Bank of England to reconsider their crypto stance amid the ongoing fiscal “doom loop”.
Ask SkimNews
