REFORM UK HAS received a second £36 million (€41.95 million) donation from a cryptocurrency billionaire.

Thai-based businessman Christopher Harborne, the party’s biggest donor, said today he was matching the donation by Ben Delo revealed on Friday.

Writing in the Daily Telegraph, Harborne said the donation was “a philanthropic gift to our country” intended to help Reform prepare for government.

He said: “Whilst I have been making donations to Reform of around £1 million (€1.17 million) a month, Ben Delo told me he was going to make a record donation of £36 million (€41.95 million).

“My competitive spirit inspired me to match it, so that is what I’ve done. And I hope others may join us.”

The donation means Harborne retains his position as Reform’s largest donor, having already given £9 million (€10.49 million) to the party last August.

A separate £5 million (€5.83 million) gift from Harborne to Nigel Farage is also at the centre of an investigation by the parliamentary standards watchdog after the Reform leader failed to declare it in his register of interests.

In his Telegraph article announcing the donation, the billionaire said the UK needed a “profitable and dynamic economy” to be able to address the three “existential threats” of nuclear war, AI and climate change.

His donation comes a day after it was reported Delo had given £36 million (€41.95 million) to the party, saying it would ensure a “level playing field” between Reform and its opponents.

Delo, who moved back to the UK from Hong Kong in order to avoid a proposed cap on donations from overseas voters, was pardoned by US President Donald Trump last year after a conviction for violating the US Bank Secrecy Act.

The Telegraph reported he had intended to give Reform £1 million (€1.17 million) a month up until the next election, but was donating the money in a lump sum in case the government introduced a cap on all political donations.

MPs last week backed measures including a cap on overseas donations at £100,000 (€117,000) and a suspension of funding through cryptocurrency, but the draft legislation still needs to be passed by the House of Lords to become law.

Backbench calls for a cap on all donations have not been successful.

The twin donations offer Farage’s party a boost after a summer dominated by scrutiny of Reform’s finances, including the launch of a criminal investigation into allegations it breached rules on political donations.

Reform UK denies any wrongdoing and has said it will cooperate fully with the probe.