Steak ’n Shake has elevated its Bitcoin publicity by a further $5 million in notional worth, persevering with what the corporate calls its ongoing “burger-to-Bitcoin transformation.”
In a submit on X, the restaurant chain mentioned all Bitcoin-denominated gross sales proceed to circulation into its Strategic Bitcoin Reserve (SBR), which it describes as a self-sustaining system designed to spice up restaurant efficiency whereas increasing its BTC holdings.
“Our self-sustaining system — bettering meals high quality that grows same-store gross sales that then develop the SBR — is reworking the chain by way of monetary know-how,” the corporate wrote.
The newest improve follows a $10 million BTC publicity growth introduced earlier this month, marking the second treasury-related transfer by the corporate in January alone.
Steak ’n Shake started accepting BTC funds throughout U.S. areas in Could 2025 utilizing the Lightning Community, positioning the rollout as each a cost-cutting measure and a approach to appeal to youthful, crypto-native prospects.
The corporate beforehand mentioned it saves roughly 50% on processing charges when prospects pay with BTC as an alternative of conventional card networks.
In keeping with the corporate, same-store gross sales rose greater than 10% within the second quarter of 2025 following the BTC funds rollout, a efficiency it has partially attributed to engagement from the Bitcoin group.
Past funds and treasury technique, Steak ’n Shake has expanded its BTC integration into worker compensation.
An organization loyal to bitcoin
Earlier this month, the chain introduced a “Bitcoin bonus” for hourly staff, paying $0.21 per hour labored in BTC utilizing infrastructure offered by BTC companies agency Fold. The bonus vests over two years, with a full-time worker incomes roughly $436 yearly in BTC at present charges.
The chain has additionally leaned into BTC-themed advertising, launching a BTC steakburger, providing BTC rewards tied to menu objects, and publicly distancing itself from including different cryptocurrencies after backlash from BTC supporters.
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.
Nonetheless, simply 4 hours later, the corporate suspended the ballot, declaring its allegiance to Bitcoiners. “Ballot suspended. Our allegiance is with Bitcoiners. You have got spoken,” Steak ‘n Shake posted. It’s unclear whether or not the corporate was critically contemplating Ethereum.
