Accelerate, under CEO Joe McCann, is set to raise $1.5 billion through PIPE and SPAC financing, potentially becoming the largest SOL treasury firm.
Joe McCann has been appointed CEO of Accelerate, a newly established Solana treasury company aiming to raise $1.5 billion through a SPAC merger and PIPE financing. The plan includes $800 million from PIPE and $358.8 million from SPAC shell companies. If successful, Accelerate is projected to manage 7.32 million SOL, valued at approximately $1.36 billion, making it the largest SOL treasury company. The fundraising effort has been in preparation for several months, with completion expected by the end of 2025.