Steak ‘n Shake Says Bitcoin Stash Grows at $10 Million
Steak ‘n Shack, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury has grown by $10 million in national currency.
“All Bitcoin sales go into a strategic Bitcoin inventory,” the company said, adding that adopting BTC as a treasury has created a ripple effect that increases same-store sales.
In May 2025, the company announced that it will start accepting BTC as a payment method everywhere around the world.
The Bitcoin community celebrated the announcement, with many showing their Steak ‘n Shake receipts as payment in BTC, and in 2018 In November 2025, the company announced its expansion into El Salvador, a country known for its Bitcoin policies.
Cointelegraph reached out to Steak ‘n Shake, but did not receive a response at the time of publication.
The company's decision to accept BTC for payment reflects the growing acceptance of Bitcoin payments by businesses.
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Steak ‘n Shake will grow same-store sales and Bitcoin treasury by 2025
Steak ‘n Shake's quarter-over-quarter same-store sales rose 11% in Q2 2025, driven by the adoption of Bitcoin.
Q3 2025 same-store sales increased 15%, according to Steak'n Shake, beating out industry rivals including McDonald's, Domino's and Taco Bell.
The company's decision to accept Bitcoin follows the closure of 230 stores between 2018 and 2025. Steak ‘n Shake locations in the U.S. peaked at 628 in 2018, but have declined to 394 in 2026, according to data from ScrapeHero.
More companies should accept BTC as a financial medium, Bitcoin investor and financial accountant Rajat Soni responded to Steak ‘n Shake.
“If they do this, it will be very easy for them to succeed because their bitcoin is like a backstop. I think most businesses fail because they are not in the market long enough. Bitcoin expands financial stability,” he added.
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