United Kingdom · Tether · Decrypt
Crypto Billionaires Hand Reform UK $97 million in Record Donations
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Two crypto billionaires have given Nigel Farage's Reform UK £72 million ($97 million) in two days, more than every British party raised last year combined.
Key facts
- Two crypto billionaires have given Nigel Farage's Reform UK £72 million ($97 million) in two days, more than every British party raised last year combined
- Since March, donors have needed 12 months on the electoral register to give more than £100,000 a year
- BitMEX co-founder Ben Delo went first, announcing £36 million in the Telegraph on Friday, the biggest single donation ever made to a British party and more than four times the £8 million he — He is giving the equivalent of £1 million a month until the latest date Labour could call an election in 2029, but paying up front in case the government caps large donations
Summary
BitMEX co-founder Ben Delo gave Reform UK £36 million on Friday, the largest single donation in British political history. Tether investor Christopher Harborne matched it a day later, saying his "competitive spirit" prompted him. The £72 million exceeds the roughly £69 million all UK parties took in donations last year. BitMEX co-founder Ben Delo went first, announcing £36 million in the Telegraph on Friday, the biggest single donation ever made to a British party and more than four times the £8 million he had already given this year.