Steak n Shake has made headlines with its latest announcement regarding its corporate treasury, revealing a notable increase in its Bitcoin holdings. The fast-food chain's move reflects a growing trend among businesses to embrace cryptocurrency as a viable asset, and the source notes that this shift could signal a broader acceptance of digital currencies in the corporate world.
Steak n Shake Increases Bitcoin Corporate Treasury
On Friday, Steak n Shake disclosed that its Bitcoin corporate treasury has increased by $10 million in notional value. However, the company did not provide details on its total Bitcoin holdings or clarify whether this increase was due to price appreciation, customer payments, or additional purchases.
Bitcoin Acceptance and Strategic Reserve
Since May 2025, Steak n Shake has been accepting Bitcoin as payment at all its locations worldwide, and the company has stated that all Bitcoin sales are directed into its strategic Bitcoin reserve. This announcement comes on the heels of a phased rollout of Bitcoin acceptance across its restaurant network, coinciding with a significant rise in sales attributed to the adoption of cryptocurrency.
Implications for the Fast-Food Industry
As more businesses explore the potential of digital currencies, Steak n Shake's proactive approach may set a precedent for others in the fast-food industry, highlighting the growing intersection of traditional commerce and the cryptocurrency market.
On January 18, Steak n Shake confirmed a $10 million allocation in Bitcoin, establishing a Strategic Bitcoin Reserve, which complements its recent increase in Bitcoin holdings. For more details, see read more.
