Bitcoin news

Steak ‘n Shake restaurant chain to establish Bitcoin reserve

American fast food chain Steak ‘n Shake is creating — the Treasury, promising to store BTC payments received at the restaurant chain in a special strategic reserve.

The company stated that for every sold “Bitcoin Meal» 210 satoshi (around $0,23) will be donated to OpenSats, a non-profit organization that supports developers. Bitcoin Core and others Bitcoin-open source projects.

The organization does not say what share of payments will be made in Bitcoin since its integration in May 2025, but its financial results indicate the success of this decision.

For the second quarter of 2025, the company’s revenue was $69,3 million, up 12% year-on-year, driven by Bitcoin users.

This momentum continued into the third quarter, as comparable-store performance increased by 15%, demonstrating continued activity among shoppers paying for their meals with Bitcoin.

Furthermore, accepting Bitcoin payments has resulted in significant cost savings. A May report from Steak ‘n Shake reported savings of approximately 50% on transaction processing fees compared to credit cards.

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