❗️ #SOL Jo McCann wants to create an analogue of Michael Sailor’s «Strategy», but for Solana tokens!

Joe McCann, founder of the Asymmetric Foundation, announced the creation of Accelerate, signed a non-binding letter of merger with SPAC Gores X Holding and announced a plan in which he intends to raise $1,510,000,000 to purchase SOL tokens.

After commissions, there will be about $1.36B - almost everything will go to the purchase of ≈ 7,320,000 SOL, which can make Accelerate the largest public token holder (actually «Strategy for Solana»).

The closing of the investment round and the listing of Accelerate are expected in the 2nd half of 2025, the specific timing depends on the market and the approval of the SEC.

The Asymmetric liquid fund closed after a drawdown of ~-78% YTD, so some investors are skeptical about the new idea.