TechFlow, October 23 — According to Investing.com, ENDRA Life Sciences (NASDAQ: NDRA), a medical imaging technology company, has completed a private investment in public equity (PIPE) financing, raising approximately $4.9 million. The round was led by institutional and cryptocurrency investors, with potential additional proceeds of up to $9.5 million upon future warrant exercises.
Simultaneously, ENDRA announced the launch of its Digital Asset Treasury (DAT) strategy, purchasing 78,863.1 HYPE tokens, valued at approximately $3 million as of October 21.
The company's CEO, Alexander Tokman, stated this marks a foundational step in its long-term digital asset treasury strategy. The DAT strategy will combine long-term digital asset exposure with yield-enhancing techniques, including covered options, staking, and decentralized finance participation.
