Popular burger joint scoops up $10M worth of Bitcoin

One of the oldest burger joints successful the United States is making large strides into crypto adoption.

91-year-old Steak 'n Shake began accepting Bitcoin (BTC) payments for burgers globally successful May 2025.

Now successful 2026, its Bitcoin Treasury scooped up $10 cardinal worthy of Bitcoin to its equilibrium sheet.

Related: Trump's crypto burger stunt draws accrued attraction to bitcoin

Steak 'n Shake wrote connected X connected Jan 17:

In a station shared connected X (formerly Twitter), Steak ‘n Shake announced the latest Bitcoin acquisition and highlighted its income betterment owed to Bitcoin.

"Today we accrued our Bitcoin vulnerability by $10,000,000 successful notional value. We person created a self-sustaining strategy — increasing same-store income that turn the SBR [Strategic Bitcoin Reserve]. "

At the clip of reporting, Bitcoin was trading at $95,338.36, arsenic per CoinGecko.

Steak 'n Shake began accepting BTC payments globally successful May 2025 done the Lightning Network, an inaugural championed by Bitcoin advocator and Block co-founder Jack Dorsey.

Within 2 weeks, the institution reported redeeming astir 50% successful transaction fees compared with recognition paper processing.

By Oct. 31, Steak ‘n Shake became the archetypal large U.S. edifice concatenation to motorboat a dedicated Bitcoin reserve, claiming a 15% summation successful same-store income driven mostly by crypto-friendly customers.

Steak 'n Shake has hundreds of stores successful the U.S., France, Italy, Portugal, and Monaco.

The concatenation claimed the pivot helped it prevention astir 50% successful processing fees wrong a fortnight owed to customers making payments successful BTC alternatively of recognition cards.

• U.S. Treasury delays $4B indebtedness buyback aft 'technical' issue

• Riot Platforms banal jumps aft $1B AI deal

• Veteran trader who called 50% golden clang compares metallic to privateness asset

Five months aft adopting Bitcoin payments, Steak ‘n Shake unveiled successful October a limited-edition Bitcoin Steakburger.

As portion of its ongoing enlargement into the Bitcoin economy, Steak ‘n Shake has besides rolled retired a rewards programme successful concern with Bitcoin fiscal services steadfast Fold Holdings, Inc.

Customers who bid their Bitcoin Steakburger oregon Bitcoin Meal tin gain $5 successful BTC via the Fold App, which allows users to walk and prevention Bitcoin done a Visa-powered debit card.

The promotion, progressive astatine astir 400 U.S. locations, invites diners to upload their receipts astatine bitcoinmealdeal.com and redeem their BTC rewards done the app. Each idiosyncratic is constricted to 1 redemption per promotion portion supplies last.

Related: Popular burger concatenation claims redeeming 50% successful outgo processing fees

This communicative was primitively published by TheStreet connected Jan 17, 2026, wherever it archetypal appeared successful the Business News section. Add TheStreet arsenic a Preferred Source by clicking here.