Former UK Finance Minister Kwasi Kwarteng has joined the creation of the investment company Stack Bitcoin Treasury, which will specialize in managing digital assets and investing in Bitcoin. He will serve as an independent director of the company, which is set to launch in London by the end of 2025.
This is reported by Business • Media
London as a Crypto Industry Hub and Kwarteng’s Vision
Kwarteng, known for the controversial “mini-budget” of 2022, emphasized the importance of London’s presence in the cryptocurrency sector. He noted that after the restrictive period for former ministers ended, he decided to focus on developing commercial opportunities and does not plan to return to political activity, from which he stepped back in 2024.
“Cryptocurrency is not going anywhere — and given the importance of London as a financial center, it is crucial that we also participate in the development of this new industry,” Kwarteng stressed.
Features of Stack Bitcoin Treasury’s Operations and Launch Challenges
Stack Bitcoin Treasury positions itself as a public company aimed at attracting investments to acquire Bitcoins and accumulate digital assets. Similar investment models became popular among investors in 2025; however, some companies in this segment have faced declining stock values after an initial surge of interest. For example, the Strategy premium for Bitcoin has dropped to its lowest level since May, and Sequans has already sold 970 BTC to pay off debts.
Despite the announced launch, Stack Bitcoin Treasury currently faces several technical difficulties: the phone number listed on the website is not working, and no messages have been published for the UK regulator yet. Kwarteng assured that the company is finalizing work with regulatory bodies and expects to start by the end of the year.
In his presentation, Kwarteng highlighted Bitcoin’s uniqueness due to its limited supply, calling it “significantly better at storing value than sovereign currencies.” He emphasized that he understands the scale of government spending well due to his experience in government. On the platform X, Kwarteng is listed as a co-founder of the company and emphasizes that he plans to actively participate in its development, rather than just serving a promotional role.
It is known that Stack Bitcoin Treasury was registered last month by Paul Weathers, founder of Direct Bullion, a company specializing in precious metals trading. Weathers has also involved political figures, including Nigel Farage, in advertising campaigns. Kwarteng added that Weathers is a supporter of his book “War and Gold: A 500-Year History of Empires, Adventures, and Debt,” and Kwarteng himself has a deep interest in currencies, as evidenced by his doctoral dissertation on political thought during the monetary crisis of 1695–1697.
Kwarteng noted that his involvement in Stack Bitcoin Treasury entails acquiring a stake in the company and significant engagement in the project. Additionally, he plans to continue collaborating with the political consulting firm Gunster Strategies Worldwide. According to the politician, the Bitcoin industry is rapidly evolving, as evidenced by numerous conferences and meetings that regularly take place in this field.