The founder of Asymmetric will lead the new Solana treasury company Accelerate, aiming to raise up to $1.51 billion.

On July 24, according to Unchained, Joe McCann, founder and CEO of the encryption hedge fund Asymmetric Financial, will serve as the CEO of a new Solana treasury company named Accelerate, which plans to raise up to $1.51 billion, aiming to raise $800 million through PIPE, $358.8 million through SPAC, $250 million through Convertible Bonds, and $103.2 million through the sale of SPAC warrants. If this financing is successful, Accelerate will immediately begin establishing a new Solana treasury, potentially becoming the largest SOL treasury management company in the market.