3E Network Technology Group Limited Announces Successful Private Placements
In a recent announcement, 3E Network Technology Group Limited (NASDAQ: MASK), a firm specializing in enterprise IT solutions, revealed that it has successfully completed the initial delivery of a trio of previously announced private placements. This milestone was reached on June 9, 2025, as part of a broader strategy to strengthen the company’s cryptocurrency holdings by acquiring Bitcoin. The initiative is aimed at bolstering the company’s growth as it ventures into the emerging Web 3.0 landscape.
Funding Details
The funding raised from these placements comprises a total of $7.4 million in senior secured convertible notes and associated warrants. The first batch, amounting to $2.2 million, was finalized with its related warrants delivered in two separate tranches, the last of which was completed on July 8, 2025.
Company Background
3E Network Technology Group has established itself through its subsidiaries—Guangzhou 3E Network Technology Co., Ltd. in Mainland China and 3E Network Technology Company Limited in Hong Kong—originally providing software and hardware integration solutions tailored to property management and exhibition services. Over time, the company has scaled its offerings to include software applications across diverse sectors such as catering, real estate, exhibition management, and clean energy utilities, reflecting its adaptability in a rapidly evolving market.
