Steak 'n Shake Introduces Strategic Initiative for Bitcoin Reserves
Bitcoin Reserve Initiative: Steak 'n Shake has established a Strategic Bitcoin Reserve to collect all Bitcoin payments made at its restaurants, aiming to promote mainstream Bitcoin adoption.
Customer Rewards and Donations: Customers purchasing a Bitcoin Steakburger will receive a $5 BTC reward, and the company will donate 210 satoshis from each Bitcoin meal sold to the OpenSats Initiative to support Bitcoin development.
Transaction Focus: The reserve will only include Bitcoin transactions, with no involvement in other cryptocurrencies like Ethereum, and will not engage in on-chain activities such as staking or liquidity events.
Community Reception: The initiative has been positively received by the Bitcoin community, with no regulatory comments from bodies like the SEC or CFTC, and it emphasizes consumer-driven BTC accumulation rather than corporate treasury reallocation.
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