Steak ‘n Shake Introduces Bitcoin Bonus Program, Employees Earn $0.21 Per Hour
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: Benzinga
- Bitcoin Bonus Program: Steak ‘n Shake announced that starting March 1, it will provide all hourly employees with a Bitcoin bonus of $0.21 per hour worked, with a two-year vesting period, aimed at attracting and retaining talent.
- Transaction Fee Savings: Following its decision to accept Bitcoin payments in 2025, the company reported nearly 50% savings in transaction fees within two weeks, demonstrating the cost-effectiveness of Bitcoin payments and furthering its digital currency strategy.
- Strategic Bitcoin Reserve: Steak ‘n Shake has allocated all Bitcoin sales into a Strategic Bitcoin Reserve, recently adding $10 million worth of Bitcoin, indicating the company's long-term commitment to cryptocurrency.
- Market Reaction: Despite Biglari Holdings' stock price plunging 64% year-to-date, the company's innovative moves in Bitcoin payments may enhance its market image and attract more investor interest.
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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.
Steak ‘n Shake Boosts Bitcoin Reserves by $5 Million
- Bitcoin Reserve Increase: Steak ‘n Shake announced a $5 million addition to its strategic reserve of Bitcoin, aiming to enhance food quality and drive same-store sales growth through financial technology, thereby strengthening the company's financial stability.
- Global Payment Integration: The fast-food chain began accepting Bitcoin payments globally via the Lightning Network, reporting nearly 50% savings in transaction fees within two weeks, significantly improving payment efficiency and reducing operational costs.
- Employee Incentive Program: Steak ‘n Shake introduced a Bitcoin bonus for all hourly employees at company-operated restaurants, collectible after a two-year vesting period, which not only boosts employee loyalty but may also attract more talent to the company.
- Strong Stock Performance: Biglari Holdings shares rose 1.67% in after-hours trading and have surged 19.83% year-to-date, reflecting market confidence and positive investor response to the company's Bitcoin integration strategy.
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Steak ‘n Shake to Pay Employees Bitcoin Bonuses, Potential Annual Total of $436.80
- Bitcoin Compensation Plan: Starting March 1, Steak ‘n Shake will pay all hourly employees at company-operated restaurants a Bitcoin bonus of $0.21 per hour, potentially totaling $436.80 annually, which could significantly increase if Bitcoin appreciates over time.
- Employee Benefits and Market Response: The plan includes a two-year vesting period aimed at enhancing employee satisfaction and attracting talent, while the company claims same-store sales have risen dramatically since accepting Bitcoin, creating a self-sustaining growth system.
- Increased Bitcoin Reserves: Steak ‘n Shake recently announced a $10 million increase in its Bitcoin reserves, demonstrating strong support for cryptocurrency, and noted that on the day of the payment launch, one in every 500 Bitcoin transactions globally occurred at its restaurants during the Bitcoin 2025 Conference.
- Stock Performance: Biglari Holdings Inc's stock rose 2.7% to $456.10, with a 106.5% increase over the past 52 weeks, reflecting positive market sentiment towards the company's Bitcoin strategy.
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