Thesis* CEO and Fold co-founder Matt Luongo said he admired Lolli’s ability to onboard users and highlighted that Thesis believes Bitcoin’s real growth is driven by everyday interactions such as shopping, gaming, and spending

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Matt Luongo, co-founder of Fold and CEO of Thesis, will lead Lolli into its next phase of growth. Under Luongo’s leadership, Fold became the first publicly traded Bitcoin financial services company, pioneering Bitcoin rewards for everyday transactions. With this acquisition, Luongo brings that same proven vision and operational excellence to Lolli. "Having competed alongside Lolli for years, I've admired their ability to onboard users through accessible and engaging experiences," said Matt Luongo. "At Thesis, we believe Bitcoin's real growth is driven by everyday interactions—shopping, gaming, spending—not just investment portfolios. Together, we're creating the easiest and most rewarding entry point for millions to join the Bitcoin economy."

“Having competed alongside Lolli for years, I’ve admired their ability to onboard users through accessible and engaging experiences. At Thesis*, we believe Bitcoin’s real growth is driven by everyday interactions — shopping, gaming, spending — not just investment portfolios,” said Luongo who will now lead Lolli’s next phase. He added that Lolli’s user base and reward model align with its vision of driving Bitcoin adoption through practical use cases.