Bitcoin rewards platform Lolli has announced the acquisition of Slice, a browser extension that lets users earn bitcoin by simply browsing the web. The deal, revealed Thursday, marks another major step in Lolli’s evolution since being acquired earlier this year by Thesis, a Bitcoin infrastructure company known for its history in the crypto rewards space.
Thesis previously incubated Fold, a Bitcoin cashback app that later spun out as an independent company and now trades publicly on the Nasdaq. The acquisition of Slice signals Thesis and Lolli’s shared goal of consolidating the fragmented Bitcoin rewards ecosystem into a unified experience for everyday users.
“This strategic acquisition continues the unification of Bitcoin rewards platforms, helping to consolidate a previously fragmented space and offering users additional rewards opportunities on Lolli’s platform,” the companies said in a joint statement.
Expanding Rewards and Lightning Network Adoption
Until now, Lolli users primarily earned bitcoin by shopping with partner retailers. The addition of Slice will expand earning options beyond shopping, allowing users to passively earn rewards while surfing, streaming, or scrolling online.
The merger also accelerates Lolli’s plans to integrate the Bitcoin Lightning Network, a Layer 2 scaling solution that enables faster and cheaper transactions. According to Lolli, Lightning integration will allow users to make smaller withdrawals at a fraction of current costs — something that wasn’t feasible with traditional Bitcoin (Layer 1) transactions.
“Lightning makes small withdrawals economically viable in a way Layer-1 transactions never could,” Lolli’s team wrote in a recent blog post.
Addressing User Concerns
Not all of Thesis’s recent moves have been met with enthusiasm. Following its acquisition of Lolli, Thesis faced criticism from some users for integrating Mezo, an EVM-compatible Bitcoin sidechain, as the platform’s initial withdrawal option. Mezo allows users to earn loyalty points and access loans in the MUSD stablecoin.
Critics argued that the integration limited straightforward Bitcoin withdrawals. Artist and Bitcoin commentator Brekkie von Bitcoin voiced frustration on X (formerly Twitter), saying that users were effectively being pushed into a “stablecoin walled garden.”
I don’t usually like to put anyone on blast like this, but I am extremely upset and disappointed by what I am seeing.
— Brekkie⚒️🎗️ (@BVBTC) October 27, 2025
No warning was given to Lolli users of upcoming changes and no provision was made for said users to withdraw their bitcoin rewards before such changes went into… https://t.co/GKm11E4lZV
In response, Matt Luongo, founder of Thesis, acknowledged user concerns and said the company plans to reintroduce on-chain withdrawal options while prioritizing Layer 2 solutions first.
“We’re starting with L2s and sidechains,” Luongo said, adding that the team has been rebuilding core components of the Lolli app since gaining full control after the acquisition.
A Strengthened Ecosystem
Lolli, founded in 2018, has raised more than $28 million in total funding, including an $8 million Series B round led by Bitkraft Ventures in 2023. The acquisition of Slice not only broadens its earning ecosystem but also reinforces its role as a leader in making Bitcoin rewards accessible to mainstream users.
As Lolli integrates Slice’s technology and continues rolling out Lightning withdrawals, it aims to make earning — and spending — Bitcoin simpler, faster, and more rewarding for users worldwide.
