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Steak ’n Shake reports sales growth after Bitcoin adoption
Fast-food restaurant chain Steak ’n Shake has moved to directly funding its corporate treasury with Bitcoin, eight months after launching Lightning Network payments and beginning to sell products for BTC. Steak ’n Shake announced the purchase of 105 BTC worth $10 million, marking its first publicly disclosed direct treasury allocation following the company’s rollout of Bitcoin payments via the Lightning Network across all U.S. locations in May last year. Steak ’n Shake reported nearly 50% savings on transaction fees compared to credit cards and said same-store sales increased by approximately 15% after ... (full story)
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