ENDRA Life Sciences plans to raise $144 million through a private placement to support its digital asset treasury

ChainCatcher news, according to Businesswire, Nasdaq-listed company ENDRA Life Sciences announced that it has signed a securities purchase agreement, with investors agreeing to purchase 744,340 shares of common stock and accompanying warrants to purchase up to 1,488,680 shares of common stock. If all warrants are fully exercised, the company will raise $144 million to support its digital asset treasury. ENDRA Life Sciences previously disclosed that it will implement a Bitcoin-based revenue generation strategy.