US listed company 3E Network Technology Group plans to purchase BTC to establish cryptocurrency reserves

BlockBeats news, July 28th, according to businessinsider, enterprise level information technology solution provider 3 E Network Technology Group Co., Ltd. (NASDAQ stock code: MASK) announced today that it has completed the first delivery of three batches of non-public offerings previously disclosed on June 9, 2025, and plans to use some of the raised funds to purchase Bitcoin. This strategic initiative aims to build the company's cryptocurrency reserves to support its development plans in the Web3.0 era. This issuance involves issuing priority guaranteed convertible notes and accompanying warrants with a total principal amount of up to $7.4 million in three batches to institutional investors. The first batch of notes with a principal amount of 2.2 million US dollars and related warrants will be issued in two phases, and the delivery will be completed on July 8, 2025. It is reported that 3E Network Technology Group Co., Ltd. is an enterprise level information technology solution provider. Through its two subsidiaries, Guangzhou Sanyi Network Technology Co., Ltd. (in China) and 3E Network Technology Company Limited (in Hong Kong, China), the company initially provided software and hardware integration solutions for property management and exhibition services, and gradually expanded its software solutions to multiple fields such as catering, real estate, exhibition and conference, and clean energy utilities.