Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value.
The company did not disclose how much Bitcoin it holds, nor whether the increase reflects price appreciation, customer payments converted to BTC, or additional treasury purchases.
In May 2025, the company announced it would start accepting BTC as a method of payment at all its locations worldwide, in a phased rollout.
Steak ‘n Shake’s quarter-over-quarter same-store sales rose by 11% in Q2 2025, which it attributed to its adoption of Bitcoin. The Q3 2025 same-store sales increased by 15%, according to Steak ‘n Shake, beating out industry competitors including McDonalds, Domino’s, and Taco Bell.
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