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