Steak 'n Shake Bitcoin Reserve: A fun meal for holders or nothing at all?
This fast food chain is also donating 210 sats from each Bitcoin meal to support open-source Bitcoin development.
The American fast food chain Steak 'n Shake has announced the establishment of a new Bitcoin treasury, built from the Bitcoin earned from the restaurant's sales.
"All payments received in Bitcoin will be deposited into [our strategic Bitcoin reserve]", Steak 'n Shake stated in a post on X on Friday, a post that received strong support from the Bitcoin community.
The company further stated that for each Bitcoin meal sold, 210 sats (about $0.23) will be donated to the nonprofit OpenSats, which supports contributors to Bitcoin Core and open-source Bitcoin development.
How much Bitcoin can Steak 'n Shake earn?
Steak 'n Shake has not disclosed how much of the restaurant's sales have been made in Bitcoin since it began accepting BTC payments at branches in the US in May. Many other fast food chains accepting Bitcoin through third-party services have also not disclosed this information.
