Steak ‘n Shake Launches Strategic Bitcoin Reserve – Crypto News

American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin treasury, built with the Bitcoin made from its restaurants’ sales. 

“All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin community.

The company added that for every Bitcoin meal it sells, 210 sats (around $0.23) will be donated to nonprofit OpenSats, which supports contributors to Bitcoin Core and open source Bitcoin development.

How much Bitcoin could Steak ‘n Shake scoop up? 

Steak ‘n Shake has not disclosed how much of its restaurants’ sales are made in Bitcoin since it began accepting BTC payments across its US locations in May. Many other fast food chains that accept Bitcoin via third-party services also do not disclose this information. 

However, Steak ‘n Shake’s revenue figures could provide some hints as to how much the company could realistically accumulate in Bitcoin each quarter.