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Joe McCann’s Accelerate Announces $1.51 Billion Solana Treasury Fund


by Coin Edition
for CoinEdition
News and analysis of Accelerate, a new $1.5 billion Solana (SOL) treasury initiative launched by Asymmetric Financial CEO Joe McCann in July 2025.
  • Funding sources include $800 million via Private Investment in Public Equity (PIPE), $358.8 million from the SPAC merger with Gores Holdings X, $250 million in convertible bonds, and $103.2 million through SPAC warrants
  • Main goals of this initiative are to improve on-chain liquidity, stabilize the SOL market, influence governance, and strengthen protocol development
  • Asymmetric Financial (McCann’s previous fund) reportedly lost around 78% to 80% of its value year to date

Accelerate, a new Solana treasury initiative whose CEO is Joe McCann (also CEO and founder of Asymmetric), seeks $1.51 billion to acquire 7.32 million SOL tokens.

Funding sources include $800 million via Private Investment in Public Equity (PIPE), $358.8 million from the SPAC merger with Gores Holdings X, $250 million in convertible bonds, and $103.2 million through SPAC warrants.

This acquisition would make Accelerate the largest private Solana treasury outside the Solana Foundation. The main goals of this initiative are to improve on-chain liquidity, stabilize the SOL market, influence governance, and help strengthen protocol development.

The large boost in funding could …

The post Joe McCann’s Accelerate Announces $1.51 Billion Solana Treasury Fund appeared first on Coin Edition.

Read the article at CoinEdition

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Joe McCann’s Accelerate Announces $1.51 Billion Solana Treasury Fund


by Coin Edition
for CoinEdition
News and analysis of Accelerate, a new $1.5 billion Solana (SOL) treasury initiative launched by Asymmetric Financial CEO Joe McCann in July 2025.
  • Funding sources include $800 million via Private Investment in Public Equity (PIPE), $358.8 million from the SPAC merger with Gores Holdings X, $250 million in convertible bonds, and $103.2 million through SPAC warrants
  • Main goals of this initiative are to improve on-chain liquidity, stabilize the SOL market, influence governance, and strengthen protocol development
  • Asymmetric Financial (McCann’s previous fund) reportedly lost around 78% to 80% of its value year to date

Accelerate, a new Solana treasury initiative whose CEO is Joe McCann (also CEO and founder of Asymmetric), seeks $1.51 billion to acquire 7.32 million SOL tokens.

Funding sources include $800 million via Private Investment in Public Equity (PIPE), $358.8 million from the SPAC merger with Gores Holdings X, $250 million in convertible bonds, and $103.2 million through SPAC warrants.

This acquisition would make Accelerate the largest private Solana treasury outside the Solana Foundation. The main goals of this initiative are to improve on-chain liquidity, stabilize the SOL market, influence governance, and help strengthen protocol development.

The large boost in funding could …

The post Joe McCann’s Accelerate Announces $1.51 Billion Solana Treasury Fund appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana News: Solana Increases Block Capacity by 20%, Targets 100M CU Upgrade

Solana News: Solana Increases Block Capacity by 20%, Targets 100M CU Upgrade

Solana has officially made a solana news by increasing its block capacity from 50 mil...
Two Solana (SOL)-Based Altcoins Get the Nod From Top US-Based Crypto Exchange by Trading Volume Coinbase

Two Solana (SOL)-Based Altcoins Get the Nod From Top US-Based Crypto Exchange by Trading Volume Coinbase

A pair of Solana (SOL)-based altcoins is dipping in price after gaining support from ...