Solana’s Accelerate Aims to Raise $1.51 Billion to Become Largest SOL Treasury Management Company

On July 24, Unchained reported that Joe McCann, the founder and CEO of the crypto hedge fund Asymmetric Financial, has been appointed as the CEO of Accelerate, a newly launched Solana treasury firm. Accelerate aims to secure up to $1.51 billion in funding through a diversified capital raise, including $800 million via PIPE, $358.8 million through a SPAC, $250 million in convertible bonds, and $103.2 million from SPAC warrants. Upon successful capital acquisition, Accelerate intends to establish a robust Solana treasury infrastructure, positioning itself as a dominant player in the SOL treasury management sector. This strategic move underscores growing institutional interest in Solana’s ecosystem and highlights the increasing sophistication of crypto treasury operations.