Steak ‘n Shake Launches Bitcoin Bonus Program Amid Stock Price Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Jan 26
Source: Coinmarketcap
Biglari Holdings Inc. saw its stock price increase by 6.57% as it reached a 52-week high.
The catalyst for this movement is the announcement from Steak ‘n Shake, a subsidiary of Biglari Holdings, regarding its new Bitcoin bonus program for employees, which aims to attract and retain talent. Despite the company's stock price plunging 64% year-to-date, this innovative strategy may enhance its market image and attract more investor interest.
The introduction of the Bitcoin bonus program, along with significant savings in transaction fees from accepting Bitcoin payments, reflects Biglari Holdings' commitment to adapting to digital currency trends, potentially positioning the company for future growth.
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About BH
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in several diverse business activities, including property and casualty insurance and reinsurance, licensing and media, restaurants, and oil and gas. The Company’s restaurant operations are conducted through two subsidiaries: Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western Sizzlin). Its insurance and reinsurance business activities are conducted through subsidiaries, namely, First Guard Insurance Company and its affiliated agency, 1st Guard Corporation (First Guard); Southern Pioneer Property & Casualty Insurance Company and its affiliated agency, Southern Pioneer Insurance Agency, Inc. (Southern Pioneer); and Biglari Reinsurance Ltd. Its oil and gas operations are conducted through two entities, Southern Oil Company (Southern Oil) and Abraxas Petroleum Corporation (Abraxas Petroleum). Southern Oil operates oil and natural gas properties offshore in Louisiana state waters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
