The publicly listed company 3 E Network Technology Group plans to establish a Bitcoin crypto reserve

2025-07-28 19:53:10

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ChainCatcher news, according to businessinsider, enterprise-level information technology solutions provider 3 E Network Technology Group Limited (NASDAQ: MASK) announced today that it has completed the first delivery of a previously disclosed three-batch private placement on June 9, 2025, and intends to use part of the raised funds to purchase Bitcoin. This strategic move aims to build the company's cryptocurrency reserves to support its development plans in the Web 3.0 era.

This issuance involves the issuance of priority secured convertible notes and accompanying warrants to institutional investors in three batches, with a total principal amount of up to $7.4 million. The first batch of notes, with a principal amount of $2.2 million and related warrants, was issued in two phases and completed delivery on July 8, 2025.

It is reported that 3 E Network Technology Group Limited is an enterprise-level information technology solutions provider. Through its two subsidiaries—Guangzhou Sanyi Network Technology Co., Ltd. (within China) and 3E Network Technology Company Limited (Hong Kong)—the company initially provided hardware and software integration solutions for property management and exhibition services, and later gradually expanded its software solutions to various fields such as catering, real estate, exhibition conferences, and clean energy utilities.

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Real-time Records of Institutional Crypto Holdings and Capital Operations

Recently, stablecoin concept stocks have continued to strengthen, with multiple listed companies establishing reserves of crypto assets. Stocks of crypto companies are becoming a special "crypto hotspot": traditional market investors are beginning to pay attention to companies in the crypto industry, while people in the crypto circle view the price changes of crypto stocks as one of the indicators of market fluctuations. This topic will continue to focus on the dynamics of related projects, institutional movements, market performance, and the strategic logic behind them, gaining insights into the development path of this wave of integration between crypto and equity.

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