PANews reported on April 17th that, according to Decrypt, Jai Patel, CEO of Bitcoin treasury company Stack BTC, has resigned from the board of directors, and David Galan has taken over as CEO. The company relaunched in March after completing a strategic restructuring, with Nigel Farage, leader of the UK Reform Party, investing approximately $291,000, and former Chancellor of the Exchequer Kwasi Kwarteng also involved. Stack BTC currently holds 68 bitcoins (approximately $4.76 million), with an average entry price of approximately $70,000.

Earlier this week, the UK Liberal Democrats called on the FCA to investigate a Stack BTC promotional video featuring Farage, questioning whether it constituted market abuse and a conflict of interest. Farage responded that the video was a "photo op" and that he purchased cryptocurrency on behalf of Stack, not for personal reasons. The UK government has already imposed a temporary ban on political parties accepting cryptocurrency donations.