Benzinga verify icon

1h
...

Steak ‘N Shake Says Bitcoin Caused Sales To Rise ‘Dramatically’ And The Coins Are Flowing To Strategic Reserve That Funds Staff Bonuses – Biglari Holdings (NYSE:BH)

Biglari Holdings (NYSE:BH)-owned fast food chain Steak ‘n Shake disclosed Monday that its same-store sales rose dramatically after launching Bitcoin (CRYPTO: BTC) payments.

‘Transformative Power’ Of Bitcoin Boosts Sales

In an X post, the popular burger chain said that it has fused its cash-producing business with the “transformative power” of Bitcoin.

“Nine months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since,” Steak ‘n Shake added.

Steak ‘n Shake‘s Burger-To-Bitcoin Strategy

The company stated that all its Bitcoin sales go into a Strategic…

Read more on Benzinga

566 Reads