In a strategic pivot aimed at stabilizing its operations, UK-based Bitcoin investment company Stack BTC has announced the resignation of its founding chief executive, Jai Patel. The change in leadership comes as part of a broader reshuffling intended to enhance investor confidence. David Galan, with extensive experience in dealmaking and financial management, was appointed CEO, according to a tweet from the firm on April 15, 2026.
Stack BTC clarified that its business model diverges from traditional funds by acquiring cash-generating businesses to build a Bitcoin reserve. “The model requires expertise in finance, deal closure, and institutional relationship management,” the company stated, highlighting Galan’s qualifications including his background with Arthur Andersen and investment banking.
Currently holding over 68 BTC valued at approximately $4.76 million, Stack BTC has seen its average acquisition cost per Bitcoin sit around $70,000, marking a 2.7% increase in position value.
The leadership transition coincides with the cryptocurrency sector’s growing connections to UK politics, notably through Reform UK leader Nigel Farage, who endorsed the company in March 2026. Stack BTC relaunched that month as a Bitcoin treasury firm after receiving investments from Farage and ex-Conservative chancellor Kwasi Kwarteng.
Initially founded as Kasei Holdings in 2021, the company underwent several name changes before settling on StackBTCtreasury. Since rebranding, it has focused on acquiring profitable companies to fund its growing Bitcoin reserves. While Patel remains a shareholder, Galan’s expertise in property and corporate finance is pivotal for implementing the new strategy.
Farage invested £215,000 in the relaunched entity and participated in an additional fundraising round of £260,000. However, some industry experts have questioned the venture’s credibility, with CryptoUK’s Ian Taylor describing it as a “PR branding exercise,” advising investors to scrutinize its financials and management quality.
The Liberal Democrats have called for an FCA inquiry into a promotional video featuring Farage, alleging potential market abuse and conflict of interest. Daisy Cooper criticized Farage’s actions as reminiscent of Donald Trump’s approach, prioritizing personal gains over public welfare.
Farage’s Reform UK party has been more open to cryptocurrency than other political parties, accepting digital donations and supporting pro-crypto policies. However, this stance faces scrutiny over the potential for obscuring donation origins or enabling foreign influence in elections. In response, a temporary ban on such donations was implemented by the government.
Reform UK contends that existing frameworks can accommodate digital assets, cautioning against regulations that might disadvantage new political players. Both Stack BTC and Farage’s office have been contacted for comments.