US fast-food chain Steak ‘n Shake has tipped its hat to Bitcoiners after reporting a 10.7% quarter-on-quarter same-store sales increase in Q2 — outpacing America’s top food chains over the same timeframe.
“Bitcoin has been a game changer,” Steak ‘n Shake posted X thanked bitcoiners for contributions made since May 16, the day when the fast-food chain began accepting Bitcoin.BTC) as payment.
Bitcoins are still a viable payment option for merchants in the US. Bitcoins in this country, however, tend to be treated more as investments than in other countries.
“Bitcoin continues to be ignored… but they won’t be able to ignore it forever.”
Steak ‘n Shake’s 10.7% sales growth outpaces rivals
Steak ‘n Shake’s same-store sales growth would put it at the highest among America’s top fast food chains in the quarter.
Jonathan Maze’s Restaurant Business Magazine editor-inchief Jonathan Maze posted a X message on Friday shows A range of US quick food chains include McDonald’s, Domino’s, Taco Bell has reported sales growth in their same-stores ranging between -7.1% & 6.1%.
It is a fast food chain started accepting Bitcoin As payment on 16 May in all its locations, where allowed by law, such as in France, Monaco, and Spain in addition to the US.
The company said this new change would allow more than 100 millions of its customers to pay in cryptocurrency.
Steak ‘n Shake noticed an immediate impact in adopting Bitcoin
Around two weeks after the opening day, Steak ‘n Shake’s chief operating officer, Dan Edwards, noted that Bitcoin had saved the firm 50% in processing fees.
“This means that Bitcoin is a win for the customer, it’s a win for us as the merchant, and it’s a win for you in the Bitcoin community,” Edwards made the statement at the Bitcoin 2025 Conference held in late may.
Related: 36% of Gen Z spend crypto daily; Gen X leads high-value spending
Steak n’ Shake accounted only for 0.2%. Bitcoin transactions On its first day, the festival was a huge success.
Bitcoin adoption has increased after nearly 230 Bitcoin stores shut down
The number of Steak ‘n Shake stores in the US has fallen from its peak of 628 in 2018 to 397 as of May 28, 2025, ScrapeHero data states.
Florida is home to the most Steak ‘n Shake stores with 79, about 20% of all Steak ‘n Shake stores in the US.
Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
