Odaily Planet Daily reports that medical technology company ENDRA has completed a private equity financing round, funding its expansion into the digital asset market. The company will immediately allocate a portion of the funds to the HYPE token, which will become a core component of its active asset management portfolio. According to news on October 23rd, the Ann Arbor-based medical technology company has completed a private equity (PIPE) financing round, raising $4.9 million, with institutional and crypto investors as the primary participants.

At the same time, the company revealed that it had allocated approximately $3 million of the aforementioned funding to acquire 78,863 Hyperliquid platform tokens (HYPE tokens). ENDRA Life Sciences stated that this acquisition was the first implementation of its newly formulated Digital Asset Library (DAT) strategy. (Crypto.news)