Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) funds at its shops, introduced on Friday that its BTC company treasury grew by $10 million in notional worth.
The corporate didn’t disclose how a lot Bitcoin it holds, nor whether or not the rise displays worth appreciation, buyer funds transformed to BTC, or extra treasury purchases.
“All Bitcoin gross sales go into our strategic Bitcoin reserve,” the corporate stated, including that adopting BTC as a treasury asset has led to a flywheel impact that will increase same-store gross sales, which, in flip, grows the corporate’s BTC stash.
In Might 2025, the corporate introduced it could begin accepting BTC as a way of fee in any respect its areas worldwide, in a phased rollout.
The Bitcoin group celebrated the announcement, with many sharing their Steak ‘n Shake receipts exhibiting fee in BTC, and in November 2025, the corporate introduced its growth into El Salvador, a rustic identified for its pro-Bitcoin insurance policies.
Cointelegraph reached out to Steak ‘n Shake, however didn’t obtain a response by the point of publication.
The corporate’s resolution to just accept BTC for funds showcases the rising adoption of Bitcoin funds by companies, bolstering Bitcoin’s use as a medium of change, moderately than merely as a store-of-value asset or a speculative monetary instrument.
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Steak ‘n Shake grows same-store gross sales and Bitcoin treasury in 2025
Steak ‘n Shake’s quarter-over-quarter same-store gross sales rose by 11% in Q2 2025, which it attributed to its adoption of Bitcoin.
The Q3 2025 same-store gross sales elevated by 15%, in keeping with Steak ‘n Shake, beating out business rivals together with McDonalds, Domino’s, and Taco Bell.
The corporate’s resolution to undertake Bitcoin adopted the closure of 230 of its shops between 2018 and 2025. Steak ‘n Shake areas contained in the US peaked at 628 in 2018, however declined to 394 by 2026, in keeping with information from ScrapeHero.
Extra firms ought to undertake BTC as a monetary buffer, Bitcoin investor and monetary accountant Rajat Soni stated in response to Steak ‘n Shake.
“In the event that they do that, they’ll discover it a lot simpler to succeed as a result of their Bitcoin is sort of a backstop. I feel most companies fail as a result of they don’t seem to be available in the market lengthy sufficient. Bitcoin extends your monetary endurance,” he added.
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