The quick-service eatery is also contributing 210 satoshis from each Bitcoin-themed purchase towards independent Bitcoin protocol advancement.
The U.S.-based quick-service franchise Steak ‘n Shake has publicized the establishment of a dedicated Bitcoin reserve, which is financed by the cryptocurrency generated from its dining locations’ revenues.
“Every remittance received in Bitcoin shall be deposited into our [strategic Bitcoin holdings],” declared Steak ‘n Shake in an announcement posted on X Friday. The statement promptly attracted significant endorsement from the Bitcoin collective.
The corporation disclosed that from each Bitcoin-themed entree it vends, 210 satoshis (approximately $0.23) is being contributed to the non-profit entity OpenSats. This organization furnishes aid to both Bitcoin Core participants and independent Bitcoin protocol advancement.
How Much Bitcoin Might Steak ‘n Shake Acquire?
Steak ‘n Shake has not revealed the percentage of its dining locations’ revenues that are derived from Bitcoin since it commenced accepting BTC payments throughout its domestic venues in May. Numerous rival quick-service establishments that process Bitcoin through external platforms similarly abstain from publicizing these metrics.
Nonetheless, Steak ‘n Shake’s financial statements might furnish certain indicators regarding the volume of Bitcoin the corporation could pragmatically amass during each fiscal period.
During the second fiscal quarter of 2025, Steak ‘n Shake registered earnings of $69.3 million, signifying a 12% expansion compared to the prior year. At that juncture, the enterprise applauded Bitcoin enthusiasts for assisting it in achieving a 10.7% sequential surge in comparable-store receipts. This impetus persisted into the third quarter when comparable-store receipts advanced by 15%.
Both statistics indicate that Bitcoin advocates constitute merely a fraction (albeit an expanding one) of their clientele and takings. This suggests that Bitcoin accumulation is predicted to proceed slowly when contrasted with enterprises focused solely on Bitcoin reserves or with Bitcoin mining firms.
Certainly, there are additional advantages to accommodating Bitcoin transactions. In May, Steak ‘n Shake asserted that approximately 50% in handling charges is conserved compared to instances where patrons utilize credit instruments.
Earn Bitcoin Rewards with Every Burger Purchase
Concurrently, Steak ‘n Shake also publicized a collaboration with Fold, which is structured to award patrons $5 in BTC upon the purchase of a Steak ‘n Shake “Bitcoin Meal” or “Bitcoin Steakburger,” utilizing the proof of purchase for redemption within the Fold application.
“Bitcoin goes mainstream when it starts showing up in everyday life,”
said Will Reeves, chairman, founder and CEO of Fold.
“That’s been our vision from the beginning, and our promotion with Steak ’n Shake is the next step in that journey. For many people, this will be the first time they ever own Bitcoin, and it will come from something as ordinary as grabbing a burger. That’s what real adoption looks like.”
The temporarily available promotion is accessible at roughly 400 dining establishments throughout the U.S. territory.
