Steak ‘n Shake Bitcoin reserve: Happy meal for hodlers or nothingburger?
The fast-food chain is also donating 210 sats from every Bitcoin meal toward open-source Bitcoin development.
American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin treasury, built with the Bitcoin made from its restaurants’ sales.
“All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin community.
The company added that for every Bitcoin meal it sells, 210 sats (around $0.23) will be donated to nonprofit OpenSats, which supports contributors to Bitcoin Core and open source Bitcoin development.