TechFlow, July 28 — According to Business Insider, NASDAQ-listed 3 E Network Technology Group Limited (NASDAQ: MASK) announced today that it has completed the first of three previously disclosed private placements and plans to allocate part of the proceeds toward purchasing Bitcoin. The total funding amounts to $7.4 million through the issuance of senior secured convertible notes and warrants, with the first tranche of $2.2 million completed on July 8. The company stated this move aims to establish a cryptocurrency reserve and support its growth strategy in the Web 3.0 era.
Add to Favorites
Share to Social Media
