Thesis Acquires Lolli to Expand Global Bitcoin Rewards Ecosystem

Thu Jul 03 2025
Bitcoin-native venture studio Thesis acquires Lolli, aiming to scale global Bitcoin rewards through gaming, shopping, and instant payouts — led by Matt Luongo.

🛍️ Thesis Acquires Lolli to Make Bitcoin Rewards Go Global

Thesis just bought Lolli — and with it, the future of Bitcoin rewards just leveled up.

Led by Bitcoin-native builder Matt Luongo (Fold, Mezo, tBTC), Thesis is absorbing Lolli’s massive rewards engine to build a global BTC cashback empire — powered by shopping, gaming, and everyday spending.

It’s not just about stacking sats. It’s about building the on-ramp to a sovereign financial future — one gift card at a time.


👑 New Leadership, Same Mission

At the helm? Matt Luongo, CEO of Thesis and co-founder of Fold.

  • Built Fold into a public Bitcoin financial services company
  • Turned everyday spending into Bitcoin onboarding
  • Now leading Lolli’s next phase: fun-first, user-focused, global rewards

“Bitcoin adoption doesn’t start in cold storage — it starts at checkout,” says Luongo. “We’re making Bitcoin spendable, earnable, and global.”


🎮 What’s Coming to Lolli?

Lolli’s about to get major upgrades:

  • 🕹️ New Arcade & Daily Stack: More games, quests, and rewards
  • 🌍 Global Expansion: Going international with new merchant partners
  • 🪙 Instant Payouts: Faster Bitcoin redemptions — coming soon
  • 🎁 Gift Card Marketplace: Bigger brand list, Fold integration, global reach
  • 🧩 Lolli Market: High-cashback shopping + integrated crypto rails

It’s Lolli 2.0 — built for a world beyond the U.S.


🔗 Fold + Lolli = Bitcoin Consumer Stack

This deal connects two missing pieces:

  • Fold = financial services
  • Lolli = rewards engine

Together, they form a complete loop: earn, spend, repeat — all in Bitcoin.

Backed by Thesis’ infrastructure, the result is a smooth, scalable system that gives users:

  • 💰 More ways to earn BTC
  • 🛒 More places to spend it
  • 🔐 More control over their money

🧱 Building Infrastructure That Can Scale

To make this real, Thesis will rebuild Lolli’s backend:

  • 🌐 More robust architecture
  • 🚀 Ready for international scale
  • 🧩 Modular integrations with other Thesis projects (Mezo, tBTC, etc.)

This isn’t just cosmetic. It’s Bitcoin UX done right — from protocol to payout.


🧠 Why It Matters

Lolli has:

  • 600,000+ users
  • 20M+ in Bitcoin rewards distributed
  • 50,000+ merchants
  • 1,000+ mobile games

Now, with Thesis behind it, Lolli isn’t just a cashback app. It’s Bitcoin’s retail Trojan horse — onboarding the next million users via dopamine and discounts.


⚡ TL;DR

  • 🛍️ Thesis has acquired Lolli, the top Bitcoin rewards platform
  • 👑 Matt Luongo (Fold) now leads Lolli’s next chapter
  • 🎮 Major upgrades incoming: new games, instant payouts, global rollout
  • 🔗 Fold + Lolli = Bitcoin consumer finance ecosystem
  • 🚀 Goal: onboard the world to Bitcoin via shopping, gaming, and cashback

Bitcoin doesn’t need better charts. It needs better reasons to earn it. This is how adoption wins.

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