3E Network Technology plans to buy Bitcoin with offering proceeds

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Go back to 3E Network Technology plans to buy Bitcoin with offering proceeds

3 E Network Technology Group Limited Announces Use from First Tranche Private Offering Proceeds to Purchase Bitcoin and Advance Web 3.0 Strategy

July 28, 2025 7:30 AM EDT

Hong Kong, China, July 28, 2025 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the Company or 3e Network), a business-to-business (B2B) information technology (IT) business solutions provider, today announced that it has completed the first tranche of its previously disclosed three-tranche private offering (the Offering), announced on June 9, 2025, and intends to use part of the proceeds to purchase Bitcoin. This strategic move aims to build the Companys cryptocurrency reserves and support its growth initiatives in the Web 3.0 era.

The Offering involves the issuance of up to $7.4 million in aggregate principal... More