American fast food chain Steak ‘n Shake has announced the creation of a new Bitcoin vault built with Bitcoins earned from restaurant sales.
“All payments received in Bitcoin are held in our (Strategic Bitcoin Reserve),” Steak ‘n Shake said in a post on Friday’s X, which drew strong support from the Bitcoin community.
The company added that for every Bitcoin meal it sells, 210 Sats (approximately $0.23) will be donated to OpenSats, a nonprofit organization that supports contributors to Bitcoin Core and open-source Bitcoin development.
How many Bitcoins can Steak ‘n Shake scoop?
Steak ‘n Shake has not disclosed how much of the restaurant’s sales were made in Bitcoin since it began accepting Bitcoin payments at all of its U.S. locations in May. Many other fast food chains that accept Bitcoin through third-party services also do not disclose this information.
However, Steak ‘n Shake’s revenue statistics could provide a hint as to how much Bitcoin the company could realistically accumulate each quarter.
In the second quarter of 2025, Steak ‘n Shake reported revenue of $69.3 million. This is a 12% increase over the previous year. At the time, the company praised Bitcoiners for achieving a 10.7% quarter-over-quarter same-store sales increase. This momentum continued into the third quarter, with same-store sales up 15%.
Both numbers suggest that Bitcoiners make up a small (but growing) proportion of the customer base and revenue, meaning they are likely to accumulate Bitcoin more slowly than Bitcoin-focused financial firms or Bitcoin miners.
Of course, there are other benefits to accepting Bitcoin. Steak ‘n Shake announced in May that customers will save about 50% in processing fees compared to using credit cards.
Get paid in Bitcoin when you buy a hamburger
Meanwhile, Steak ‘n Shake also announced a partnership with Fold that will give customers $5 in BTC when they purchase a Steak ‘n Shake “Bitcoin Meal” or “Bitcoin Steak Burger” when redeemed in the Fold app using their receipt.
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“Bitcoin becomes mainstream when it starts appearing in everyday life,” said Will Reeves, chairman, founder and CEO of Fold.
“That’s been our vision since the beginning, and promoting it at Steak ‘n Shake is the next step in that journey. For many people, this is the first time they’ve owned Bitcoin, and it starts with something as mundane as eating a hamburger. That’s what real adoption looks like.”
This limited-time offer will be available at approximately 400 locations across the United States.
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