- Solana has activated a 60M CU upgrade during Epoch 822 to increase speed and scale.
- Joe McCann is leading a $1.5B plan to buy 7.32M SOL and launch a new treasury firm.
- If completed, the purchase would surpass Upexi and reshape Solana’s treasury landscape.
Solana has activated a major block size upgrade to 60 million compute units, aligning with a $1.5 billion treasury fund led by Joe McCann. The upgrade, activated at slot 355,104,000 during Mainnet Beta Epoch 822, enhances network capacity and sets the stage for larger-scale usage. At the same time, Accelerate, a new crypto treasury firm, is preparing to deploy over $1.36 billion in SOL purchases, targeting 7.32 million tokens at current prices.
McCann’s Treasury Venture Launches Amid Losses
Joe McCann, CEO of Asymmetric Financial, will lead Accelerate, a new Solana-based treasury firm aiming to outpace existing players. Pitch documents reviewed by Unchained show the firm intends to raise $1.51 billion via multiple structures, including $800 million in private investment in public equity (PIPE), a $358.8 million SPAC merger with Gores X Holding, $250 million in convertible debt, and $103.2 million from SPAC warrants.
Accelerate intends to spend about 1.36 billion on buying SOL post-fundraise and could potentially lock in about 7.32 million SOL tokens, considering its price as of press time. This would outstrip current holdings of Upexi by 1.9 million SOL, comprising an approximate value of $381 million, making Accelerate the greatest holder of SOL treasury across the ecosystem.
However, the timing of this move comes as McCann faces scrutiny. According to reports, the liquid funds of Asymmetric Financial are down 80% year-to-date, despite the broader crypto market gaining over $600 billion. Bitcoin alone recently set an all-time high above $123,000. While the situation raises concerns in today’s volatile environment, McCann is taking a different path, doubling down on Solana.
Solana Implements Key Upgrade for Network Scalability
According to data from Solana Explorer, the network’s 60M CU block limit was executed through proposal SIMD 0256. The upgrade, now live under address 6oMCUdpY6BzZ6jw, was finalized at block 355,021,513 on July 22, 2025, at 15:43:40 UTC. The on-chain transaction, signed under ID 5AUueyKu2i3EGPgzC…, confirms a seamless rollout.
Source: Solana Explorer
This change directly supports Solana’s throughput goals, improving validator capacity while preparing for future proposals such as SIMD 0286, which targets a 100 million CU limit by year-end. By increasing block capacity, Solana can host larger volumes of transactions, improve speed, and accommodate institutional-scale activity.
Moreover, Solana’s network upgrade is a step toward onboarding more institutional capital while addressing congestion issues and maximizing real-time scalability. If validator infrastructure keeps pace, the throughput expansion could put Solana as a leading Layer-1 chain for financial applications.
Related: Solana Rejects Layer 2 While Ethereum Builds on Modular Stack
Price Weakness Signals Correction
On the market side, Solana signals a pullback following a rally from $145.22 to $206.13. As of press time, SOL traded at $185.43 after a 2.10% daily dip, and the fair value gap between $191.76 and $175.68 creates a zone that could attract liquidity as traders reposition.
Source: TradingView
The 9-day simple moving average sits at $184.60 and is near-term support. Momentum is fading, as shown by the flattening MACD histogram, with the MACD line at 10.48 converging toward the signal line at 8.07. A decisive drop below $175.68 could expose $145.22 again, while reclaiming $191.76 would revive bullish sentiment.
Significantly, the parabolic structure is a cup and handle pattern that tends to be bullish, but the price action proposes a cooling period. Considering the market condition, investors raise concerns about whether Solana is intensely scaling with a long-term institutional belief or if it is just a short-lived rally due to buying, and the response will determine the network’s position in the crypto ecosystem.
