On July 24, Accelerate, a new Solana cryptocurrency treasury company led by Joe McCann, founder and CEO of Asymmetric Financial, plans to raise up to US$1.5 billion through a public listing through special purpose acquisition company (SPAC) GoresXHolding. The company plans to raise $800 million through private equity financing (PIPE),$358.8 million from SPAC,$250 million through convertible debt, and a $103.2 million sale through SPAC warrants. If the financing is successful, Accelerate will become the largest Solana treasury company on the market. However, this number may change as other major Solana treasury companies such as DeFi Development Corporation(DFDV) and Sol Strategies(HODL) increase their token holdings.