Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plunge
A bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against those types of firms.
The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies with the increase in value it gets from holding bitcoin.
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This article was originally published by The Guardian and written by Helena Horton.
Read original article on The Guardian