The Solana Treasury Company Accelerate program led by Joe McCann raised $1.5 billion

ChainCatcher news, according to Unchained Crypto, a new Solana cryptocurrency treasury company called Accelerate, led by Joe McCann, founder and CEO of Asymmetric Financial, plans to go public through the special purpose acquisition company (SPAC) Gores X Holding, raising up to $1.5 billion.

The company plans to raise $800 million through private equity financing (PIPE), with the SPAC providing $358.8 million, raising $250 million through convertible debt, and $103.2 million through the sale of SPAC warrants. If the financing is successful, Accelerate will become the largest Solana treasury company in the market.

However, this figure may change as other major Solana treasury companies such as DeFi Development Corporation (DFDV) and Sol Strategies (HODL) increase their token holdings.