Back at that time, or a bit earlier, many commercial software products offered "academic" licenses that were (also) sold by third parties. And in the earlier cases of this, often "validation" of eligibility consisted of demonstrating that one had a .edu email address.
So yes, people really did use email addresses as qualifiers, including for significant commercial transactions.
(Although some might argue, if you as the licensor weren't willing to setting for a .edu address as proof, you might as well settle for no-revenue piracy. And some others would argue that, licensed or pirated, initial uptake was crucial to driving further sales e.g. when such people landed in jobs where licenses were purchased -- they'd buy what they or the employees knew and were proficient with.
So, regardless of the particular rationale employed, email addresses were used as "proof".)