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

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