The Asymmetric founder will lead the new Solana Treasury company, Accelerate, aiming to raise up to $1.51 billion in funding.

BlockBeats News, July 24th, according to Unchained, Joe McCann, Founder and CEO of the crypto hedge fund Asymmetric Financial, will become the CEO of a new Solana treasury company called Accelerate. The company plans to raise up to $1.51 billion, intending to raise $800 million through a PIPE, $358.8 million through a SPAC, $250 million through convertible bonds, and sell $103.2 million in the form of SPAC warrants. If this funding round is successful, Accelerate will immediately begin establishing a new Solana treasury or immediately become the largest SOL treasury management company in the market.