("Roundhouse" or the "Company")
Ethereum Purchase
Roundhouse (AQSE: ETHL), an artificial intelligence technology company with an Ethereum-denominated treasury, is pleased to announce that it has purchased 346.6 Ethereum ("ETH) as part of the Company's digital asset treasury strategy with the sole purpose of supporting the Company's core revenue generating operations of providing AI and technology services.
Details of the purchase:
· Number of ETH purchased: 346.6
· Average price paid per ETH (US$):
Summary of Roundhouse's cryptocurrency treasury holdings, as at the date of this announcement:
· Number of ETH held: 468.8
· Aggregate average price paid per ETH (US$):
"We are pleased to announce our first ETH purchase since our listing on AQSE in January. As disclosed in the admission prospectus, we have established an ETH denominated digital asset treasury, with the core purpose of supporting Roundhouse's AI and technology operations which are already generating revenue, our primary objective is to grow the Company's core business through continued investment in these operations, while also expanding the treasury in a disciplined manner."
Contact information
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Roundhouse |
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+44 (0) 20 3855 5551 |
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T: +44 (0) 20 3869 6080 |
The Directors of the Company accept responsibility for the contents of this announcement.
Additional information about the Company can be found on the website: https://www.roundhousedigital.ai/
About the Company:
Roundhouse is a technology company specialising in artificial intelligence agent deployment infrastructure. Our business model combines active operational services in artificial intelligence with complementary strategic treasury management capabilities, positioning us as a comprehensive technology services provider. The Company operates as a hybrid business model combining an active operating business, in the technology space, primarily as an artificial intelligence service provider which will be the Company's primary revenue driver while also establishing an Ethereum denominated strategic treasury reserve. The Company has taken this dual approach to ensure that the Company's primary operations of being a technology company maintains its operational independence while optimising capital allocation for long-term value creation. The Company intends to achieve this by providing the following services: AI infrastructure services, platform licensing, and consulting.
Important Notice:
The Company holds cryptocurrencies or cryptoassets. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the
The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the
Cryptocurrencies may present special risks to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. Prospective investors in the Company are encouraged to do their own research before investing.
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