Steak 'n Shake Says Bitcoin Payments Cut Processing Fees 50%, Could Save $6M a Year

robot
Abstract generation in progress

Steak 'n Shake said Bitcoin payments cut processing fees by 50% and could save about $6 million a year if all credit card users switched. Chief MAHA Officer Michael Boes said the chain launched Bitcoin payments on May 16, 2025 through the Lightning Network. Boes said all Bitcoin received from customers goes into a strategic Bitcoin reserve that has grown to $10 million.

BTC1.35%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin