Steak n Shake (US fast food Chain) has adopted Bitcoin strategic reserves.

[Just Say]

Earlier OmegaStarsScream created a topic and mentioned that Steak 'n Shake will be accepting Bitcoin payments nationwide starting May 16th, 2025 but now this US restaurant is trying to move even higher.

Official tweet: https://x.com/SteaknShake/status/1920647356032139430

I don't really remember when was the last time a very large company started to accept bitcoin directly... so this is pretty nice to see. It's still unclear whether they plan to accept payments through the lightning network, on chain, or both. Hopefully more companies to follow!

US fast food restaurant Steak n Shake initially announced its acceptance of Bitcoin and it became clear at the time that they would be accepting BTC nationwide via the Lightning Network that means customers will be able to use this method but at the moment, it seems to me that this may be another positive development for them as they are planning to create a Bitcoin reserve for the first time.

This will be history, in my opinion they are the first restaurant to try to create a SBR and they have already presented various cases for adopting Bitcoin as a strategic reserve.which are:



Official tweet: https://x.com/SteaknShake/status/1984298263508324442?t=Bn1OxVukJsISxIoiQ5fqOg&s=19

Steak ’n Shake Launches First-Ever Strategic Bitcoin Reserve https://bitcoinmagazine.com/business/steak-n-shake-launches-bitcoin-reserve

[MinoRaiola]

I read it today too, good decision. The company has made advertising with bitcoin in the last months and now it is the next step. I dont know how much pay there with bitcoin, but trading the coins directly in fiat wouldnt be smart. So better a strategic stake reserve, which is probably the first ever. I hope they are very successful with this and can convince other restaurants to follow. In some countries, you can pay at McDonalds with Bitcoin, but a strategic Bitcoin reserve has not been there. However, I think it is good that “small” companies are starting and that the big ones profiting more so early.

[Mhizlove]

Earlier OmegaStarsScream created a topic and mentioned that Steak 'n Shake will be accepting Bitcoin payments nationwide starting May 16th, 2025 but now this US restaurant is trying to move even higher.

Official tweet: https://x.com/SteaknShake/status/1920647356032139430

I don't really remember when was the last time a very large company started to accept bitcoin directly... so this is pretty nice to see. It's still unclear whether they plan to accept payments through the lightning network, on chain, or both. Hopefully more companies to follow!

US fast food restaurant Steak n Shake initially announced its acceptance of Bitcoin and it became clear at the time that they would be accepting BTC nationwide via the Lightning Network that means customers will be able to use this method but at the moment, it seems to me that this may be another positive development for them as they are planning to create a Bitcoin reserve for the first time.

This will be history, in my opinion they are the first restaurant to try to create a SBR and they have already presented various cases for adopting Bitcoin as a strategic reserve.which are:



Official tweet: https://x.com/SteaknShake/status/1984298263508324442?t=Bn1OxVukJsISxIoiQ5fqOg&s=19

Steak ’n Shake Launches First-Ever Strategic Bitcoin Reserve https://bitcoinmagazine.com/business/steak-n-shake-launches-bitcoin-reserve

I have seen this before now that Steak N' Shake have implemented the payment of Bitcoin on their restaurant here on this thread https://bitcointalk.org/index.php?topic=5548042.msg65971699#msg65971699 that d5000 created.

Steak n Shake is a very big and popular restaurant in the USA which almost everyone might know, so for them to adopt Bitcoin payment is even a good thing and it will probably take them to the next level.
It is a good thing that Bitcoin adoption is growing worldwide and maybe very soon both China and Saudi Arabia will start planning on how to get a Bitcoin reserve 

[Hazink]

Your title should be edited to "Steak N Shake" and not Stake N Shake." If it's not, it's a popular brand, I would think you meant steak. 

They are also making a promotion to attract customers using the bitcoin reward for signup, which is a good way to get those who are Bitcoin lovers to come and patronize them. Businesses have been embracing innovation recently. We are likely to see more of this in the future.

[DanWalker]

According to bitcointreasuries, there are more than 207 companies and organizations globally that have added bitcoin to their treasuries, so far. Many other companies are also under review as well as many companies already hold bitcoin but are not public. So, in my opinion, it is no longer newsworthy when a fast food chain, supermarket or company adopts Bitcoin reserves.

Nowadays, it has become quite normal for companies to add Bitcoin to their reserves. Instead, news about countries' bitcoin reserves is of prime concern, but unfortunately no country has done so yet.


https://bitcointreasuries.net/

[jcojci]

More restaurants and other businesses will use Bitcoin as their Strategic Bitcoin Reserve. They can see the benefit of using Bitcoin while they can expect to make more profit in the future. The number will increase and that helps Bitcoin to gain more popularity among businesses.

The adoption process still continues so we can expect that it will become bigger in the future. More companies and people will join this journey and that will only be a matter of time to see Bitcoin grow bigger.

[kotajikikox]

This is quite shocking for a fast food chain. Not only are they just accepting bitcoin payments but they have made it clear that they want to keep holding bitcoin. I am sure lots of fast food chain or companies have other investments to earn aside from the profit they make from their food chains but to hear directly from them how they will be acquiring bitcoin is refreshing. They are also giving away a promo with bitcoin involved. This is also a marketing strategy.

[The Founding Titan]

I had half expected this move to come from relatively larger cooperations but a fast food chain moving into it is good news through and through and they are already promising bonuses for people for decide to patronise them in this manner. Kudos to them

[348Judah]

Let the adoption continues and we see how almost all the companies and organizations all have Bitcoin in consideration, we are going more bigger each day, because government also are getting onboard to ensure that they have their strategic investments in Bitcoin and have been more on a soft hands with their respective regulations over bitcoin unlike before, the future for bitcoin is clearly visible and irresistible, because of the Opportunities it renders.

[BitGoba]

Steak 'n Shake has experienced a huge increase in sales because they enabled Bitcoin payments. The CEO of the company also talked about this at the conference in Amsterdam. Here you can watch his speech. https://www.youtube.com/watch?v=lesvQb9MyU4

By the way, Steak 'n Shake payment terminals have accepted Bitcoin payments since May 16, and it’s very easy and fast to pay with Bitcoin. Here you can watch a video showing how it works in practice  paying with Bitcoin at their location using a self-custody Lightning wallet connected to your own Bitcoin node, such as Zeus. https://www.youtube.com/shorts/P_5ve6rz61g

Bitcoin is a medium of exchange that is ready to replace fiat currencies.

[ABCbits]

So now we can be sure that they don't sell Bitcoin they receive immediately, so it's rather positive news even though they're not first company to build BTC reserve. And since they claim they will donate 210 for every meal, i guess we'll know how many meals paid in Bitcoin and even make rough estimation how many payment on their restaurant that actually use Bitcoin.

[alani123]

Does anyone remember when long island tea corp was renamed to long Blockchain corp?

What followed was that eventually the stock lost its sec license and was unable to trade on licensed financial markets. The company was probably dissolved and became obscure but some of the insiders were convicted of insider trading and had to pay fines.

Now under the trump admin insider trading is happening in such an a brazen way that it's extremely hard to not notice it actually. I wonder if anyone would be convicted. Surely for every election moving forward lobby interests for crypto will be huge. I could imagine them funding even local elections

[Satofan44]

So now we can be sure that they don't sell Bitcoin they receive immediately, so it's rather positive news even though they're not first company to build BTC reserve. And since they claim they will donate 210 for every meal, i guess we'll know how many meals paid in Bitcoin and even make rough estimation how many payment on their restaurant that actually use Bitcoin.

It is a fair start and less risky, because by doing it this way they are essentially buying Bitcoin at a discounted price where the discount is equal to their net margin. For example: If they have a 20% net margin then with a $100 bill they are buying $100 worth of Bitcoin with $80. It is a safe method to dip into the reserve business. I don't think that the transactions volume would ever reach a level that could threaten the financial stability of the remaining operation simply because people tend to be diverse in their use of payment methods.

Does anyone remember when long island tea corp was renamed to long Blockchain corp?

What followed was that eventually the stock lost its sec license and was unable to trade on licensed financial markets. The company was probably dissolved and became obscure but some of the insiders were convicted of insider trading and had to pay fines.

That was a wave of shady companies or owners doing shenanigans to ride the blockchain wave. Using the word blockchain does not do anything anymore. Surely there will be cases with crypto treasuries too, but if someone invests into an unknown company because they announced a crypto treasury then the blame is entirely with that person. This is a known and common scam tactic, the only thing that changes is what they use to facilitate it.

Now under the trump admin insider trading is happening in such an a brazen way that it's extremely hard to not notice it actually. I wonder if anyone would be convicted. Surely for every election moving forward lobby interests for crypto will be huge. I could imagine them funding even local elections

There is pressure to create a large enough crypto industry so that the democrats are unable to maliciously try to shut it down when they are back in power. They oppose freedom and because of that they also oppose Bitcoin and crypto -- even though crimes involving crypto are just a drop in the ocean compared to those carried out through traditional ways. Lobbying is the way to "change the mind" of any Democrat.

[tread93]

Earlier OmegaStarsScream created a topic and mentioned that Steak 'n Shake will be accepting Bitcoin payments nationwide starting May 16th, 2025 but now this US restaurant is trying to move even higher.

Official tweet: https://x.com/SteaknShake/status/1920647356032139430

I don't really remember when was the last time a very large company started to accept bitcoin directly... so this is pretty nice to see. It's still unclear whether they plan to accept payments through the lightning network, on chain, or both. Hopefully more companies to follow!

US fast food restaurant Steak n Shake initially announced its acceptance of Bitcoin and it became clear at the time that they would be accepting BTC nationwide via the Lightning Network that means customers will be able to use this method but at the moment, it seems to me that this may be another positive development for them as they are planning to create a Bitcoin reserve for the first time.

This will be history, in my opinion they are the first restaurant to try to create a SBR and they have already presented various cases for adopting Bitcoin as a strategic reserve.which are:



Official tweet: https://x.com/SteaknShake/status/1984298263508324442?t=Bn1OxVukJsISxIoiQ5fqOg&s=19

Steak ’n Shake Launches First-Ever Strategic Bitcoin Reserve https://bitcoinmagazine.com/business/steak-n-shake-launches-bitcoin-reserve

Damn it I love this company. Their Frisco melt is the shiz too. They ride the wave on beef tallow and BTC reserve baby! And they are probably the most conservative American burger company or American restaurant period and they are incredibly vocal on their social media accounts. Smart folks. I do wish they brought back their traditional dining experience though, it was ao great and I have the fondest memories there with my friends back in the day

[Patikno]

Let the adoption continues and we see how almost all the companies and organizations all have Bitcoin in consideration, we are going more bigger each day, because government also are getting onboard to ensure that they have their strategic investments in Bitcoin and have been more on a soft hands with their respective regulations over bitcoin unlike before, the future for bitcoin is clearly visible and irresistible, because of the Opportunities it renders.

I completely agree with you, Bitcoin future is increasingly clear, and it will undoubtedly be adopted worldwide. It is only a matter of time before this becomes a reality, and there will be a time in the future, when people will be familiar with Bitcoin, including corporates, institutions, or companies adoption. This is very exciting news right now, and it indicates that we are in the early stages of Bitcoin. Therefore, we need to seize the opportunity to invest in Bitcoin, lest we find ourselves saying "It's too late to buy Bitcoin" in the future.

[fuguebtc]

Let the adoption continues and we see how almost all the companies and organizations all have Bitcoin in consideration, we are going more bigger each day, because government also are getting onboard to ensure that they have their strategic investments in Bitcoin and have been more on a soft hands with their respective regulations over bitcoin unlike before, the future for bitcoin is clearly visible and irresistible, because of the Opportunities it renders.

I completely agree with you, Bitcoin future is increasingly clear, and it will undoubtedly be adopted worldwide. It is only a matter of time before this becomes a reality, and there will be a time in the future, when people will be familiar with Bitcoin, including corporates, institutions, or companies adoption. This is very exciting news right now, and it indicates that we are in the early stages of Bitcoin. Therefore, we need to seize the opportunity to invest in Bitcoin, lest we find ourselves saying "It's too late to buy Bitcoin" in the future.

Adoption will certainly continue to grow and spread globally, but we are no longer in the early stages. Bitcoin is worth hundreds of thousands of dollars and its market cap is over $2 trillion, it is not small anymore. That is the truth and we need to be realistic.

It is never too late to invest in bitcoin, as it is an open and volatile market so there will always be opportunities for everyone. But the days of getting rich quick or with just a small amount of capital are over. We need to distinguish investment opportunities and get rich quick opportunities are different. But yes, the earlier you invest, the higher your chances of getting a return, so make the most of this opportunity.

[OgNasty]

I think this is really the only responsible approach for a national chain to accept Bitcoin.  Otherwise they are basically acting as selling pressure on the market that they are trying to help grow.

I imagine that the amount of Bitcoin they take in on a daily basis isn't very material to their bottom line, and holding could benefit them down the line if they hold for 4+ years.  It is also a bit of an advertising gimmick to get themselves on the lists of BTC holders. 

I like this move for them and hope they continue to support Bitcoin...  Even if they aren't using the actual mainnet.

[qurbanshah02]

Your title should be edited to "Steak N Shake" and not Stake N Shake." If it's not, it's a popular brand, I would think you meant steak. 

They are also making a promotion to attract customers using the bitcoin reward for signup, which is a good way to get those who are Bitcoin lovers to come and patronize them. Businesses have been embracing innovation recently. We are likely to see more of this in the future.

They have taken a very important step towards the development of their market and Bitcoin by recognizing this and starting their business with it. They are undoubtedly taking their own market up, but this is a good sign in the eyes of Bitcoin, which creates investment opportunities by using Bitcoin more. Similarly, if Bitcoin is also used in every country along with food or payment is made with it, it will also be useful in the development of that country and the circulation of Bitcoin will also continue, which is a good sign.

[nutildah]

I had the pleasure of trying a Stake N Shake for the first time a couple months ago. It was amazing -- possibly the best burger I ever had. The meat is super fresh and tasty, and I like that the bun is toasted with butter. Absolutely divine stuff, if a little pricey.

So yeah, you should absolutely spend your BTC at Stake N Shake if you get the chance. One of the worthiest causes around.

Funny how little adoption matters anymore. Its all about what can ETFs, corporate balance sheets and federal governments can do to push the price higher.

[Hazink]

They have taken a very important step towards the development of their market and Bitcoin by recognizing this and starting their business with it. They are undoubtedly taking their own market up, but this is a good sign in the eyes of Bitcoin, which creates investment opportunities by using Bitcoin more. Similarly, if Bitcoin is also used in every country along with food or payment is made with it, it will also be useful in the development of that country and the circulation of Bitcoin will also continue, which is a good sign.

One good thing about businesses accepting bitcoin as a payment option is that they could easily start saving part of that bitcoin received as payment as their reserve. It will be an easy way for the business to start stacking bitcoin and join others who are using bitcoin as reserve instead of saving in fiat, whose purchasing power will keep on declining over time