Promotion: Capital invested is at risk. Non-Independent Research / Marketing Communication. Attention is drawn to the disclaimers and risk warnings within this document.
%20(1300%20x%20300%20px)%20(1000%20x%20300%20px)%20(7).png)
Roundhouse Digital is aiming to be an early mover in UK public markets by combining cash-generating technology activities with an Ethereum-based treasury strategy. The company is listing on the Aquis Stock Exchange² and offers investors equity exposure to Ethereum through an actively managed and yield-generating model, rather than passive crypto ownership.
The strategy is built around what Roundhouse calls a “Dual Value” model. Cashflows from its AI and digital infrastructure activities are used to build an Ethereum treasury. That Ethereum is then staked to generate recurring on-chain yield. Management is targeting annualised staking returns of around 3 to 5 percent, turning treasury assets into a productive source of income.⁴
This creates a simple compounding effect. Operating revenues help grow the Ethereum treasury. Staking generates yield. Together, they support long-term growth in net asset value. Investors gain exposure to Ethereum’s upside³ while also benefiting from recurring income.
Roundhouse is led by a team with experience across digital infrastructure, AI and blockchain. The company is designed to give shareholders an easily accessible way to gain exposure to decentralised finance. As interest in Ethereum continues to grow, Roundhouse is positioning itself as an early public market entrant in this emerging category.
Roundhouse Digital is aiming to be an early mover in UK public markets by combining cash-generating technology activities with an Ethereum-based treasury strategy. The company is listing on the Aquis Stock Exchange² and offers investors equity exposure to Ethereum through an actively managed and yield-generating model, rather than passive crypto ownership.
The strategy is built around what Roundhouse calls a “Dual Value” model. Cashflows from its AI and digital infrastructure activities are used to build an Ethereum treasury. That Ethereum is then staked to generate recurring on-chain yield. Management is targeting annualised staking returns of around 3 to 5 percent, turning treasury assets into a productive source of income.⁴
This creates a simple compounding effect. Operating revenues help grow the Ethereum treasury. Staking generates yield. Together, they support long-term growth in net asset value. Investors gain exposure to Ethereum’s upside³ while also benefiting from recurring income.
Roundhouse is led by a team with experience across digital infrastructure, AI and blockchain. The company is designed to give shareholders an easily accessible way to gain exposure to decentralised finance. As interest in Ethereum continues to grow, Roundhouse is positioning itself as an early public market entrant in this emerging category.
MicroStrategy changed its market profile by adopting a digital asset treasury strategy, using operating cashflows and capital raises to buy Bitcoin.⁵ This shift transformed the company from a traditional software business into a listed proxy for crypto exposure, leading to a significant re-rating as investor demand grew.⁶
Roundhouse Digital is applying a similar approach but with a focus on Ethereum rather than Bitcoin. While MicroStrategy relies on passive asset appreciation, Roundhouse plans to generate recurring income by staking its Ethereum, creating a more productive treasury model.⁷
Treasury-Led Re-Rating:
MicroStrategy’s valuation rose as its Bitcoin holdings increased and investors sought regulated access to crypto assets5. Roundhouse is entering public markets early, offering exposure to Ethereum as institutional interest in staking continues to grow.⁷
Compounding Model:
MicroStrategy showed how operating revenues can be redirected into digital assets to grow balance sheet value4. Roundhouse aims to build on this by combining Ethereum exposure with staking yield.
First-Mover Positioning:
MicroStrategy benefited from being an early listed crypto treasury⁶. Roundhouse is targeting a similar first-mover advantage within the Ethereum treasury space in UK public markets.
This case highlights how a clear digital asset treasury strategy can drive shareholder value. Roundhouse is positioning itself to follow a comparable path, with the added benefit of yield generation.
%20(1200%20x%20200%20px)%20(2).png)
Below, we compare Roundhouse Digital with three listed companies that show how early exposure to digital assets and blockchain infrastructure can drive meaningful valuation growth. Galaxy Digital, Marathon Digital, and Coinbase illustrate how public market investors have rewarded clear crypto-linked strategies.
Roundhouse Digital (Aquis IPO Candidate) – Target Early-Stage Valuation
Roundhouse Digital is preparing to list on the Aquis Stock Exchange with a strategy that combines cash-generating technology activities with an Ethereum-based treasury. The company plans to build an actively managed Ethereum position and generate yield through staking. With limited Ethereum-focused treasury vehicles available in UK public markets, Roundhouse offers early exposure to a growing institutional theme.
Galaxy Digital (TSX/NASDAQ: GLXY) – Market Cap: ~$6bn
Galaxy Digital operates across digital asset investing, trading, and blockchain infrastructure.⁸ Its valuation growth reflects increasing institutional interest in crypto services and decentralised finance. Galaxy shows how diversified exposure to digital assets can support strong public market valuations.
Marathon Digital Holdings (NASDAQ: MARA) – Market Cap: ~$5bn
Marathon is one of the largest publicly listed crypto infrastructure companies, focused on large-scale Bitcoin mining.⁹ As Bitcoin prices and network activity increased, Marathon’s valuation rose sharply. Its growth highlights how listed companies tied to crypto economics can re-rate quickly during favourable market conditions.
Coinbase (NASDAQ: COIN) – Market Cap: ~$8bn
Coinbase provides regulated access to crypto trading, custody, and infrastructure.¹⁰ Despite market cycles, it remains one of the most established public market gateways into digital assets. Coinbase demonstrates how scale, compliance, and infrastructure can translate into sustained investor interest.
Together, these companies show how public market exposure to crypto assets and blockchain infrastructure can drive significant re-ratings. By focusing on Ethereum and adding a yield-generating treasury model, Roundhouse Digital is positioning itself at an early stage of a growth curve that more established peers have already travelled.
Below, we compare Roundhouse Digital with three listed companies that show how early exposure to digital assets and blockchain infrastructure can drive meaningful valuation growth. Galaxy Digital, Marathon Digital, and Coinbase illustrate how public market investors have rewarded clear crypto-linked strategies.
Roundhouse Digital (Aquis IPO Candidate) – Target Early-Stage Valuation
Roundhouse Digital is preparing to list on the Aquis Stock Exchange with a strategy that combines cash-generating technology activities with an Ethereum-based treasury. The company plans to build an actively managed Ethereum position and generate yield through staking. With limited Ethereum-focused treasury vehicles available in UK public markets, Roundhouse offers early exposure to a growing institutional theme.
Galaxy Digital (TSX/NASDAQ: GLXY) – Market Cap: ~$6bn
Galaxy Digital operates across digital asset investing, trading, and blockchain infrastructure.⁸ Its valuation growth reflects increasing institutional interest in crypto services and decentralised finance. Galaxy shows how diversified exposure to digital assets can support strong public market valuations.
Marathon Digital Holdings (NASDAQ: MARA) – Market Cap: ~$5bn
Marathon is one of the largest publicly listed crypto infrastructure companies, focused on large-scale Bitcoin mining.⁹ As Bitcoin prices and network activity increased, Marathon’s valuation rose sharply. Its growth highlights how listed companies tied to crypto economics can re-rate quickly during favourable market conditions.
Coinbase (NASDAQ: COIN) – Market Cap: ~$8bn
Coinbase provides regulated access to crypto trading, custody, and infrastructure.¹⁰ Despite market cycles, it remains one of the most established public market gateways into digital assets. Coinbase demonstrates how scale, compliance, and infrastructure can translate into sustained investor interest.
Together, these companies show how public market exposure to crypto assets and blockchain infrastructure can drive significant re-ratings. By focusing on Ethereum and adding a yield-generating treasury model, Roundhouse Digital is positioning itself at an early stage of a growth curve that more established peers have already travelled.
Fill out the short form below to get instant access to this free report revealing our Top 10 stock picks for February 2026.
30+ years of experience in financial markets analysing Bonds, Equities, Derivatives, Macro Strategy and Technical Analysis
Roundhouse Digital offers a compelling early entry point into an emerging Ethereum treasury strategy at a time when digital assets have been left behind amid macro and geopolitical uncertainty. While Bitcoin treasury models such as MicroStrategy have faced scrutiny, Ethereum-focused strategies are gaining attention as investors reassess digital asset treasury companies and their underlying business models.
Ethereum benefits from strong fundamentals, driven by demand from decentralised applications and its critical role in stablecoin and blockchain infrastructure. Ongoing improvements in scalability, costs, and supply dynamics, combined with Ether’s ability to generate staking yield of around 3%, differentiate it from other digital assets. Roundhouse is well positioned to capitalise on this through its actively managed, yield-generating Ethereum treasury.
The company’s model is supported by cash-generating AI agency, consulting, and digital infrastructure activities, providing recurring income to fund treasury growth while reducing reliance on external capital. This creates a compounding flywheel where operating cashflows and staking yield reinforce net asset value growth.
Ethereum appears to be in the later stages of a price correction, with medium-term upside supported by increasing institutional interest, tokenisation trends, and a favourable long-term macro backdrop. With an experienced management team spanning blockchain, AI, and governance, and a modest IPO valuation, Roundhouse is positioned as a potential first mover in Ethereum treasury strategies within UK public markets.
30+ years of experience in financial markets analysing Bonds, Equities, Derivatives, Macro Strategy and Technical Analysis
Roundhouse Digital offers a compelling early entry point into an emerging Ethereum treasury strategy at a time when digital assets have been left behind amid macro and geopolitical uncertainty. While Bitcoin treasury models such as MicroStrategy have faced scrutiny, Ethereum-focused strategies are gaining attention as investors reassess digital asset treasury companies and their underlying business models.
Ethereum benefits from strong fundamentals, driven by demand from decentralised applications and its critical role in stablecoin and blockchain infrastructure. Ongoing improvements in scalability, costs, and supply dynamics, combined with Ether’s ability to generate staking yield of around 3%, differentiate it from other digital assets. Roundhouse is well positioned to capitalise on this through its actively managed, yield-generating Ethereum treasury.
The company’s model is supported by cash-generating AI agency, consulting, and digital infrastructure activities, providing recurring income to fund treasury growth while reducing reliance on external capital. This creates a compounding flywheel where operating cashflows and staking yield reinforce net asset value growth.
Ethereum appears to be in the later stages of a price correction, with medium-term upside supported by increasing institutional interest, tokenisation trends, and a favourable long-term macro backdrop. With an experienced management team spanning blockchain, AI, and governance, and a modest IPO valuation, Roundhouse is positioned as a potential first mover in Ethereum treasury strategies within UK public markets.
Sources:
1: https://www.clearcapitalmarkets.co.uk/analysis/roundhouse-digital-broker-note
4: https://www.coindesk.com/coindesk-indices/2025/07/30/crypto-for-advisors-ethereum-just-turned-ten
5: https://www.nasdaq.com/articles/mstr-continues-expand-bitcoin-holding-whats-path-forward
6: https://www.barrons.com/articles/microstrategy-stock-price-bitcoin-coinbase-fd0eff92
7: https://arxiv.org/abs/2511.01135
8: https://coinmarketcap.com/real-world-assets/galaxy-digital
Nothing in the above article should be considered investment advice.
Small Cap or Aquis listed companies can be highly illiquid making them difficult to sell at the quoted price, and in some cases, it may be difficult to sell them at any price. Small Cap or Aquis listed companies can have a large bid / offer spread which means there could be a large difference between the buying and selling price. Companies listed on the Aquis market can be highly volatile and are considered high risk speculative investments. The value of your investment can go down as well as up, your Capital is at risk you may not get back the amount invested. Past performance is no guarantee of future performance. Investments in IPO’s & RTO’s involve a high degree of risk and are not suitable for all investors. All investments made into an IPO, RTO in a secondary issue should always be made solely based on the information provided in the relevant prospectus and any other supplementary documentation. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice. This document is published by Clear Capital Markets and does not constitute a solicitation or personal recommendation for the purchase or sale of investment. The investments referred to may not be suitable for all investors. Any data or views given should not be construed as investment advice. Every effort is made to ensure the accuracy of the information, but no assurance or warranties are given. Clear Capital Markets Limited is authorised and regulated by the Financial Conduct Authority FRN 706689.
Clear Capital Markets Corporate Broking acts as a Corporate Broker to Roundhouse Digital and holds warrants and shares in the company. Employees and/or directors of Clear Capital Markets may deal in shares of Roundhouse Digital for their own personal accounts. These scenarios may give rise to a conflict of interest where Clear Capital Markets also provides clients with an advisory service for transactions involving Roundhouse Digital. The firm has established Conflicts of Interest (“COI”) and Personal Account Dealing (“PAD”) policies to mitigate the risk of a conflict causing damage to the interests of its clients. The measures taken include (i) enforcing minimum holding or ‘lock-in’ periods; and (ii) requiring internal review and approval from the compliance department for employees or directors entering into personal transactions involving Roundhouse Digital. The COI and PAD policies are available upon request. Before Clear Capital Markets proceeds with a placing, a number of factors are considered including liquidity of stock, company diversification, market capitalisation and potential news flow. Only once minimum criteria are satisfied would we elect to proceed. Any remuneration payable to Clear Capital Markets has no bearing on whether it proceeds with a placing. These administrative controls mitigate the risk of a conflict causing damage to the interests of a client, but the inherent risks of this business model cannot be eliminated. Accordingly, Clear Capital Markets is required to disclose this conflict to help clients assess the service being offered in light of Clear Capital’s own interests, and to decide on the extent (if at all) to which they will rely on, or proceed with, the service.
We will reach out for a quick introductory fact find to see how we can best serve your specific needs and arrange a convenient time for a consultation with a member of the appropriate specialist team.
An Advisory Broker will contact you for a deeper fact find and share information on how we can best enhance your portfolio.
We will conduct a full RCP in accordance with FCA regulations to ensure that your appropriate risk profile is set. You will then have access to an extensive suite of investments, supported by your dedicated Advisory Broker.
