Widespread fast-food chain Steak ’n Shake added $10 million price of bitcoin to its company treasury, deepening its dedication to bitcoin eight months after rolling out BTC funds throughout all U.S. places.
The corporate mentioned on social media that the transfer follows a “self-reinforcing cycle” pushed by bitcoin adoption, the place prospects paying in BTC assist generate incremental income that’s then recycled into enterprise enhancements.
Based on Steak ’n Shake, all bitcoin-denominated income flows instantly into what it calls its strategic bitcoin reservewhich is used to fund restaurant upgrades, ingredient enhancements, and transforming initiatives—with out elevating menu costs.
“Eight months in the past at present, Steak ’n Shake launched its burger-to-bitcoin transformation once we began accepting bitcoin funds,” the corporate wrote on social media. “Our same-store gross sales have risen dramatically ever since.”
Steak ’n Shake started accepting bitcoin funds in Might 2025 utilizing the Lightning Community, positioning the rollout as a technique to reduce card processing charges whereas attracting a youthful, crypto-native buyer base. The technique is working.
Identical-store gross sales rose greater than 10% within the second quarter of 2025, in response to the corporate.
Chief Working Officer Dan Edwards beforehand mentioned Steak ’n Shake saves roughly 50% in processing charges when prospects select to pay with bitcoin relatively than conventional card networks.
Bitcoin is driving income for Steak ’n Shake
The chain has leaned into its bitcoin branding over the previous 12 months, introducing a Bitcoin-themed burger in October and pledging to donate a small portion of income from its “Bitcoin Meal” to assist open-source Bitcoin improvement.
The current $10 million buy—roughly 105 BTC at present costs—marks Steak ’n Shake’s most direct treasury allocation to bitcoin to this point.
Whereas the place is modest in contrast with main company holders corresponding to Techniquewhich holds greater than 687,000 BTC price over $65 billion, it underscores a broader development of company bitcoin accumulation.
Based on knowledge from Bitcointreasuries, whole bitcoin held in treasuries—together with public firms, non-public companies, governments, and exchange-traded funds—has now surpassed 4 million BTC.
Final fall, the corporate ran a ballot on X over the weekend asking its 468,800 followers whether or not it ought to broaden its crypto choices to incorporate Ethereum.
Almost 49,000 votes had been solid, with 53% in favor.
Nevertheless, simply 4 hours later, the corporate suspended the ballot, declaring its allegiance to Bitcoiners. “Ballot suspended. Our allegiance is with Bitcoiners. You’ve spoken,” Steak ‘n Shake posted.
