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    "date": "2026-04-17T09:04:38",
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        "rendered": "Stack BTC CEO Steps Down as Farage-Linked Bitcoin Venture Reshuffles Leadership"
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        "rendered": "<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Stack BTC CEO Jai Patel has exited the Bitcoin treasury firm\u2019s board, with David Galan taking over as chief executive.<\/li>\n<li>Reform UK leader Nigel Farage has invested around $291,000 in the firm.<\/li>\n<li>The Liberal Democrats have called for an FCA inquiry into Farage\u2019s promotion of Stack BTC.<\/li>\n<\/ul>\n<\/div>\n<p>Stack BTC has replaced its chief executive after completing a shift in strategy, marking a fresh attempt to stabilise the UK <a href=\"http:\/\/decrypt.co\/?post_type=post&#038;p=5736\" target=\"_blank\" rel=\"noreferrer\"><span>Bitcoin<\/span><\/a>-focused investment vehicle and bolster investor confidence. The company said on Wednesday that Jai Patel, who founded the business in its earlier form, had stepped down from the board with immediate effect.<\/p>\n<p>Announcing the change in a <a href=\"https:\/\/x.com\/stackbtc_\/status\/2044364069369516456\" target=\"_blank\" rel=\"nofollow external noopener\">tweet<\/a>, the firm said that incoming chief executive David Galan brings a mix of dealmaking, financial and operational experience suited to its approach.<\/p>\n<div>\n<blockquote>\n<p lang=\"en\" dir=\"ltr\">Stack BTC is pleased to announce the appointment of David Galan as Chief Executive Officer.<\/p>\n<p>David brings a rare combination of skills that maps directly onto what Stack BTC&#8217;s dual-engine model demands. <\/p>\n<p>Chartered accountancy training at Arthur Andersen. Investment banking\u2026 <a href=\"https:\/\/t.co\/gsQwjz870b\" data-wpel-link=\"internal\">pic.twitter.com\/gsQwjz870b<\/a><\/p>\n<p>\u2014 Stack BTC (@stackbtc_) <a href=\"https:\/\/twitter.com\/stackbtc_\/status\/2044364069369516456?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">April 15, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p>\u201cStack BTC isn&#8217;t a fund. It isn&#8217;t a single-thesis bet. It acquires cash-generative operating businesses and uses that engine to accumulate Bitcoin,\u201d it said.<\/p>\n<p>&#8220;Executing that model at scale requires someone who understands the numbers, can close deals, and can manage institutional capital relationships, all at once. David does.\u201d<\/p>\n<p>The company <a href=\"https:\/\/www.stackbitcoin.co.uk\/bitcoin-reserve\" target=\"_blank\" rel=\"nofollow external noopener\">holds<\/a> just over 68 BTC, valued at $4.76 million in current market prices. It reported an average entry price of about $70,000 per Bitcoin and said the position is up 2.7%.<\/p>\n<p>The leadership switch comes as cryptocurrency businesses become increasingly entangled with UK political figures, with Reform UK leader Nigel Farage among the most prominent political advocates of the sector. He <a href=\"https:\/\/decrypt.co\/360431\/nigel-farage-backs-bitcoin-treasury-firm-chaired-by-former-chancellor\" target=\"_blank\">announced<\/a> his backing of the company in early March.<\/p>\n<h2 color=\"#333\">From Kasei Holdings to Stack BTC<\/h2>\n<p>Stack BTC relaunched in March with investment from Farage and former Conservative chancellor Kwasi Kwarteng, recasting itself as a <a href=\"https:\/\/decrypt.co\/resources\/what-is-a-corporate-bitcoin-treasury-the-strategy-behind-companies-holding-crypto\" target=\"_blank\">Bitcoin treasury company<\/a>. Its strategy centres on buying profitable operating businesses and using their cash flows to build a growing Bitcoin reserve.<\/p>\n<p>The business originated as Kasei Holdings. It was <a href=\"https:\/\/find-and-update.company-information.service.gov.uk\/company\/13503888\" target=\"_blank\">established<\/a> in 2021 before changing its name to Kasei Digital Assets and then finally StackBitcointreasury.<\/p>\n<p>Since rebranding, the company has sought to present itself as a more focused vehicle. Patel remains a shareholder, while Galan\u2014who has a background in property and corporate finance\u2014has been tasked with delivering the revised model.<\/p>\n<p>Farage invested \u00a3215,000 ($291,000) in the relaunched company and also took part in a \u00a3260,000 ($352,000) fundraising round earlier this year. The value of his holding has risen alongside movements in the <a href=\"https:\/\/decrypt.co\/price\/bitcoin\" target=\"_blank\">Bitcoin price<\/a>.<\/p>\n<p>Some industry figures have expressed doubts about the venture\u2019s positioning. Speaking to <a href=\"https:\/\/www.theguardian.com\/politics\/2026\/apr\/16\/ceo-of-bitcoin-firm-championed-by-nigel-farage-leaves-company-stack-btc\" target=\"_blank\"><i>The Guardian<\/i><\/a>, Ian Taylor of CryptoUK called the project a \u201cPR branding exercise,\u201d arguing that investors should \u201cbe doing their due diligence on the financials, the quality and experience of the management.\u201d<\/p>\n<p>Earlier this week, the Liberal Democrats <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cd9vgw2g3w2o\" target=\"_blank\">called for an FCA inquiry<\/a> into a <a href=\"https:\/\/x.com\/stackbtc_\/status\/2043592876500623376\" target=\"_blank\" rel=\"nofollow external noopener\">promotional video<\/a> released by Stack featuring Farage. Party leader Daisy Cooper said the regulator \u201cmust investigate whether Farage&#8217;s plans to cash in on crypto could potentially amount to market abuse and a conflict of interest,\u201d accusing him of \u201cusing the Donald Trump playbook to put his own financial interests above the public good.\u201d<\/p>\n<p>Speaking to the <i>BBC<\/i>, a spokesperson for Farage stated that the video, which announced Slack\u2019s purchase of \u00a32 million in Bitcoin, was a \u201cphoto call,\u201d and that the Reform UK leader \u201cbought the crypto on behalf of Stack and not personally.\u201d<\/p>\n<div>\n<blockquote>\n<p lang=\"en\" dir=\"ltr\">We <a href=\"https:\/\/twitter.com\/LibDems?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">@LibDems<\/a> are calling on the FCA to investigate whether Farage\u2019s plans to cash in on Crypto could potentially amount to market abuse and a conflict of interest. <\/p>\n<p>It raises concerns that <br \/>Farage could be using the Trump playbook to put his own interests above the public good. <a href=\"https:\/\/t.co\/yTMs9eNkAL\" data-wpel-link=\"internal\">pic.twitter.com\/yTMs9eNkAL<\/a><\/p>\n<p>\u2014 Daisy Cooper MP \ud83d\udd36 (@libdemdaisy) <a href=\"https:\/\/twitter.com\/libdemdaisy\/status\/2043765903171416527?ref_src=twsrc%5Etfw\" data-wpel-link=\"internal\">April 13, 2026<\/a><\/p>\n<\/blockquote>\n<\/div>\n<h2 color=\"#333\">Reform UK and crypto<\/h2>\n<p>Reform UK has embraced cryptocurrency more openly than other major parties, previously <a href=\"https:\/\/decrypt.co\/344259\/uk-electoral-commission-updating-crypto-donation-guidance\" target=\"_blank\">accepting digital asset donations<\/a> and <a href=\"https:\/\/decrypt.co\/344065\/i-am-your-champion-nigel-farage-makes-case-uk-crypto-reform\" target=\"_blank\">promoting<\/a> pro-crypto policies.<\/p>\n<p>Campaigners and politicians have <a href=\"https:\/\/decrypt.co\/359598\/calls-mount-uk-ban-political-donations-crypto\" target=\"_blank\">argued<\/a> that crypto-based donations could obscure the origin of funds or enable foreign influence in UK elections. The government has responded by introducing a <a href=\"https:\/\/decrypt.co\/362319\/uk-imposes-moratorium-on-political-donations-in-cryptocurrency\" target=\"_blank\">temporary ban<\/a> on such donations following a review into electoral risks, with further rules expected.<\/p>\n<p>Farage and his supporters have pushed back, arguing that digital assets can be accommodated within existing frameworks and warning that tighter controls could disadvantage newer political entrants.<\/p>\n<p>Stack BTC and Nigel Farage have both been approached for comment.<\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>",
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        "rendered": "<p>In brief Stack BTC CEO Jai Patel has exited the Bitcoin treasury firm\u2019s board, with David Galan taking over as [&hellip;]<\/p>",
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