On July 24th, Accelerate, the new Solana cryptocurrency treasury led by Joe McCann, founder and CEO of Asymmetric Financial, plans to raise up to $1.50 billion through a public listing of special purpose acquisition company (SPAC) GoresX Holding. The company plans to raise $800 million through private equity financing (PIPE), $358.80 million from SPAC, $250 million through convertible debt, and $103.20 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 number may change as other major Solana treasury companies such as DeFi Development Corporation (DFDV) and Sol Strategies (HODL) increase their token holdings.
Solana Treasury Accelerate plans to raise $1.50 billion
2025-07-24 01:40:11
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