- Steak ‘n Shake is creating a Bitcoin treasury from Bitcoin payments made at its U.S. restaurants.
- Each Bitcoin meal sold results in a donation of 210 satoshis (about $0.23) to OpenSats, supporting Bitcoin development.
- The chain has seen revenue increases alongside Bitcoin adoption, reporting $69.3 million in Q2 2025 with rising same-store sales.
- Accepting Bitcoin payments reduces processing fees by roughly 50% compared to credit cards.
- A new partnership offers customers $5 in Bitcoin rewards when purchasing specified Bitcoin-themed meals at about 400 locations.
Steak ‘n Shake, a U.S.-based fast-food chain, has announced the establishment of a Bitcoin treasury funded by Bitcoin payments received in its restaurants. This move aims to place all Bitcoin sales into a strategic Bitcoin reserve.
The company revealed that with each Bitcoin meal sold, it will donate 210 satoshis (approximately $0.23) to OpenSats, a nonprofit supporting contributors to Bitcoin Core and open source Bitcoin development. Steak ‘n Shake began accepting Bitcoin payments in May across its United States locations.
In the second quarter of 2025, Steak ‘n Shake reported revenue of $69.3 million, marking a 12% increase compared to the previous year. The company attributed a 10.7% quarter-on-quarter rise in same-store sales in part to Bitcoin users, with this growth continuing at 15% in the third quarter.
Despite these gains, Bitcoin payments still make up a small but growing segment of the chain’s customer base. The company also benefits financially from accepting Bitcoin, saving roughly 50% in processing fees over credit card transactions.
Additionally, Steak ‘n Shake has partnered with Fold to offer customers $5 in Bitcoin rewards when purchasing a “Bitcoin Meal” or “Bitcoin Steakburger.” Customers can redeem this payment through the Fold app using their purchase receipt. This promotion is available for a limited time at approximately 400 U.S. locations. For more details, see the official announcement on the Fold website.
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