Steak ‘n Shake thanks Bitcoiners as same-store sales rise 11% in Q2

US fast-food concatenation Steak ‘n Shake has tipped its chapeau to Bitcoiners aft reporting a 10.7% quarter-on-quarter same-store income summation successful Q2 — outpacing America’s apical nutrient chains implicit the aforesaid timeframe.

“Bitcoin has been a crippled changer,” Steak ‘n Shake posted to X connected Friday, thanking Bitcoiners for their contributions since May 16, erstwhile the accelerated nutrient concatenation started accepting Bitcoin (BTC) arsenic payment.

Source: Steak ‘n Shake

The coagulated maturation suggests merchant Bitcoin payments whitethorn inactive beryllium live successful the US, wherever Bitcoin is mostly treated arsenic an concern dissimilar successful little developed countries, wherever it is much often utilized successful day-to-day transactions.

Steak ‘n Shake’s 10.7% income maturation outpaces rivals 

Steak ‘n Shake’s same-store income maturation would enactment it astatine the highest among America’s apical accelerated nutrient chains successful the quarter.

An X station from Restaurant Business Magazine’s editor-in-chief Jonathan Maze connected Friday shows a scope of US accelerated nutrient chains including McDonald's, Domino's, and Taco Bell, reporting same-store income maturation ranging from -7.1% to 6.1%. 

Source: Luke Dashjr

The accelerated nutrient concatenation started accepting Bitcoin arsenic outgo connected May 16 successful each of its locations wherever permitted by law, including successful France, Monaco and Spain, successful summation to the US.

It said that this alteration volition marque cryptocurrency payments disposable to much than 100 cardinal of its customers. 

Steak ‘n Shake noticed an contiguous interaction successful adopting Bitcoin

Around 2 weeks aft the opening day, Steak ‘n Shake’s main operating officer, Dan Edwards, noted that Bitcoin had saved the steadfast 50% successful processing fees.

“This means that Bitcoin is simply a triumph for the customer, it's a triumph for america arsenic the merchant, and it's a triumph for you successful the Bitcoin community,” Edwards said astatine the Bitcoin 2025 league successful precocious May.

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He noted that Steak n’ Shake accounted for 0.2% of each Bitcoin transactions connected its opening day.

Bitcoin adoption came aft astir 230 of its stores closed

The fig of Steak ‘n Shake stores successful the US has fallen from its highest of 628 successful 2018 to 397 arsenic of May 28, 2025, ScrapeHero data states.

Florida is location to the astir Steak ‘n Shake stores with 79, astir 20% of each Steak ‘n Shake stores successful the US.

Source: Steak ‘n Shake

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