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Steak ‘n Shake Launches Bitcoin Treasury, Vows to Donate 210 Sats per Meal

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American fast-food chain Steak ‘n Shake has launched a Bitcoin treasury, pledging to retailer all BTC funds acquired throughout its eating places in a devoted strategic reserve.

Key Takeaways:

  • Steak ‘n Shake has launched a Bitcoin treasury, pledging to retailer all BTC funds from restaurant gross sales in a strategic reserve.
  • For each “Bitcoin Meal” offered, the corporate will donate 210 sats to OpenSats, supporting Bitcoin Core and open-source growth.
  • The chain credit Bitcoin customers for driving double-digit gross sales progress and chopping fee processing charges by roughly 50%.

The announcement, made on Friday on X, was met with sturdy approval from the Bitcoin group, which hailed it as one other signal of rising real-world adoption.

Steak ‘n Shake to Donate 210 Sats per Bitcoin Meal

The firm stated that for each “Bitcoin Meal” offered, 210 satoshis (about $0.23) will probably be donated to OpenSats, a nonprofit group supporting builders engaged on Bitcoin Core and different open-source Bitcoin tasks.

The transfer positions Steak ‘n Shake amongst a small however rising variety of main US retailers integrating Bitcoin straight into each their fee and philanthropic fashions.

While the chain didn’t disclose how a lot of its gross sales come by way of Bitcoin payments since enabling them in May 2025, its monetary outcomes trace at rising traction.

The firm reported $69.3 million in income for Q2 2025, a 12% year-over-year enhance, and credited Bitcoin customers for serving to drive a ten.7% quarter-over-quarter rise in same-store gross sales.

That momentum carried into Q3, with a 15% enhance in same-store efficiency, suggesting regular engagement from Bitcoin-paying clients even when they continue to be a minority.

Accepting Bitcoin has additionally introduced tangible price advantages.

In a May submitting, Steak ‘n Shake stated it saved round 50% in processing charges in contrast to bank card transactions, underscoring one of many key monetary benefits of BTC funds for high-volume retailers.

The initiative additionally comes with a partnership with Fold, a Bitcoin rewards platform. Customers who buy a “Bitcoin Meal” or “Bitcoin Steakburger” will obtain $5 in BTC, redeemable by way of the Fold app.

“Bitcoin goes mainstream when it begins displaying up in on a regular basis life,” stated Will Reeves, Fold’s founder and CEO.

“For many individuals, this would be the first time they ever personal Bitcoin – and it’ll come from one thing as abnormal as grabbing a burger.”

The limited-time promotion will run throughout 400 US places, additional embedding Bitcoin into the every day habits of American shoppers and marking a brand new milestone in crypto’s path towards mainstream commerce.

Steak ‘n Shake Backs Out of Ether Payments After Bitcoiners’ Backlash

Last month, Steak ‘n Shake dropped plans to accept Ether following backlash from Bitcoin supporters, reigniting debates over tribalism within the crypto group.

The 90-year-old firm, which started accepting Bitcoin funds in May, launched a ballot on X asking followers whether or not it ought to broaden to Ether.

Of practically 49,000 votes solid, 53% favored the transfer, however simply 4 hours later, the ballot was abruptly suspended.

“Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” the corporate introduced, reaffirming its loyalty to the BTC group.

The choice follows a 15% year-over-year enhance in same-store gross sales, which Steak ‘n Shake attributed to sturdy assist from Bitcoin customers throughout the US, France, Monaco, and Spain.

The put up Steak ‘n Shake Launches Bitcoin Treasury, Vows to Donate 210 Sats per Meal appeared first on Cryptonews.

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