Steak ‘n Shake Adds $10 Million Bitcoin to Balance Sheet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Bitcoin Reserve Expansion: Steak ‘n Shake announced the addition of $10 million to its Bitcoin reserve, highlighting significant sales growth since it began accepting Bitcoin payments in 2025, showcasing the potential of cryptocurrencies in the restaurant industry.
- Notable Sales Increase: Since accepting Bitcoin payments via the Lightning Network in May 2025, the company has seen a 15% increase in same-store sales, indicating the positive impact of a crypto-friendly customer base on business performance.
- Transaction Fee Savings: The company reported nearly 50% savings in transaction fees within the first two weeks of accepting Bitcoin payments, which not only enhances profit margins but also sets a foundation for future digital currency transactions.
- Industry Influence: As the first major U.S. restaurant chain to establish a dedicated Bitcoin reserve, Steak ‘n Shake's initiative may inspire other businesses to follow suit, promoting broader adoption of cryptocurrencies in commerce.
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.
