According to a report by The Block cited by Jinse Finance, Thesis, a venture capital firm focused on the Bitcoin ecosystem, has acquired the Bitcoin rewards platform Lolli to integrate it into its broader ecosystem. The specific terms and amount of the deal have not been disclosed. Thesis previously incubated the Bitcoin rewards platform Fold, which later spun off as an independent company. In July 2024, Fold reached a special purpose acquisition company (SPAC) merger with FTAC Emerald Acquisition Corp. and was subsequently listed on an exchange in February under the ticker symbol FLD.