Fashionable 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 stated on social media that the transfer follows a “self-reinforcing cycle” pushed by bitcoin adoption, the place clients paying in BTC assist generate incremental income that’s then recycled into enterprise enhancements.
In keeping with Steak ’n Shake, all bitcoin-denominated income flows straight into what it calls its strategic bitcoin reserve, which is used to fund restaurant upgrades, ingredient enhancements, and reworking initiatives—with out elevating menu costs.
“Eight months in the past right this moment, 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 method to reduce card processing charges whereas attracting a youthful, crypto-native buyer base. The technique is working.
Similar-store gross sales rose greater than 10% within the second quarter of 2025, in accordance with the corporate.
Chief Working Officer Dan Edwards beforehand stated Steak ’n Shake saves roughly 50% in processing charges when clients select to pay with bitcoin fairly than conventional card networks.
Bitcoin is driving income for Steak ’n Shake
The chain has leaned into its bitcoin branding over the previous yr, 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 growth.
The current $10 million buy—roughly 105 BTC at present costs—marks Steak ’n Shake’s most direct treasury allocation to bitcoin thus far.
Whereas the place is modest in contrast with main company holders reminiscent of Technique, which holds greater than 687,000 BTC price over $65 billion, it underscores a broader pattern of company bitcoin accumulation.
In keeping with knowledge from Bitcointreasuries, complete bitcoin held in treasuries—together with public corporations, personal 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 develop its crypto choices to incorporate Ethereum.
Almost 49,000 votes have 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 may have spoken,” Steak ‘n Shake posted.
