medical technology company ENDRA has completed a round of private placement financing to provide funding for its foray into the digital asset field, and immediately used some of the funds to allocate HYPE tokens - which will become a core component of its actively managed asset library. According to news on October 23, the medical technology company based in Ann Arbor has completed a round of private placement equity financing (PIPE), raising $4.9 million, with institutional investors and crypto investors as the main participants in this financing.

At the same time, the company revealed that it has allocated approximately $3 million from the above financing amount to acquire 78,863 Hyperliquid platform tokens (HYPE tokens). ENDRA Life Sciences Company stated that this acquisition is the first implementation of its newly formulated Digital Asset Treasury (DAT) strategy.