Search results for "FOOD"
2026-03-02
08:32

Steak ’n Shake once again increases Bitcoin holdings, adding $5 million to strategic reserves

On January 28, news broke that the American fast-food chain Steak ’n Shake announced an addition of approximately $5 million worth of Bitcoin to its strategic reserve fund, increasing the company's total Bitcoin holdings to about $15 million, equivalent to approximately 168.6 BTC. The company stated that all revenue from Bitcoin payment channels will be directly injected into this long-term reserve system. On January 27, Steak ’n Shake disclosed on the X platform that it is driving same-store sales growth by improving food quality, and the cash flow generated from this is continuously converted into strategic Bitcoin reserves. Management said this model is forming a "self-sustaining" closed-loop system, deeply integrating traditional restaurant operations with fintech.
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BTC-0,57%
07:34

Steak ’n Shake rewrites fast food business with Bitcoin, sales surge by 10.7%

January 27 News, American fast food chain Steak ’n Shake has become a focal point at the intersection of the crypto industry and retail sector due to its comprehensive adoption of Bitcoin payments. The company disclosed that same-store sales in Q2 2025 increased by 10.7% year-over-year, significantly outperforming many traditional fast food giants. Management directly attributed this achievement to its strategy of opening Bitcoin payment options in global stores, a plan officially launched in May 2025. In its financial report, Steak ’n Shake pointed out that Bitcoin payments not only attracted more tech-savvy and younger consumers but also significantly reduced payment processing costs. Compared to traditional bank card systems, cryptocurrency transactions cut out middlemen, lowering transaction fees for the restaurant and thereby increasing overall profit margins. This change also made “buying burgers with Bitcoin” a trending topic on social media platforms, bringing additional exposure to the brand.
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BTC-0,57%
03:06

Steak 'n Shake will offer its hourly workers a Bitcoin incentive of $0.21 per hour

Foresight News reports that American fast-food chain Steak 'n Shake announced that starting March 1, it will award 0.21 USD worth of Bitcoin for every hour worked by all hourly employees at its company-operated restaurants. The program has a two-year vesting period, and employees will be able to claim their earned Bitcoin after two years. The program is facilitated by the digital asset platform Fold App.
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BTC-0,57%
07:11

Top developers are optimistic about XRP's long-term value, stating it is suitable for inclusion in long-term savings plans

A core developer active in the XRP Ledger ecosystem, Bird, recently stated that in the context of long-term inflation, XRP has reason to be considered part of a long-term savings allocation, rather than just a short-term trading tool. Bird pointed out that many people are accustomed to depositing funds into bank accounts with annual yields of about 4% to 6%, believing this method to be stable and reliable, but often overlook the erosion of real purchasing power caused by inflation. The costs of living, such as food and energy, have continued to rise over the past few years, causing the real value of fiat currency to shrink. The apparent increase in interest does not equate to a true increase in wealth.
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XRP-1,64%