BlockBeats News, July 2nd, Thesis, a venture studio focusing on Bitcoin, has acquired the Bitcoin rewards platform Lolli, with the specific terms of the deal undisclosed.
Thesis had previously incubated the Bitcoin rewards platform Fold, which later officially spun off into an independent company. Fold then reached a Special Purpose Acquisition Company (SPAC) merger agreement with FTAC Emerald Acquisition Corp. in July 2024 and went public on Nasdaq in February under the ticker symbol FLD.
Thesis stated: "This move positions Thesis as a leader in Bitcoin rewards technology, marking a significant step toward its mission of building a Bitcoin-powered lifestyle economy and transforming Bitcoin from a buy-and-hold asset to the foundation of a modern decentralized economy."
Lolli, founded in 2018, allows users to earn Bitcoin and cashback when shopping at over 50,000 retailers or playing over 1,000 mobile games (both online and in-store).
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