Burger restaurant franchise Steak ‘n Shake has said that accepting bitcoin payments has helped the company grow.
In a post on the X Account, Indianapolis, Indiana based company wrote Tuesday said It has seen a growth of double-digits in sales at the same store since it accepted Bitcoin as its largest currency.
The following is added: “And this quarter has been extraordinary, with franchise-partners same-store sales gaining 19%.”
Lightning Network is the Lightning Network that was implemented by this firm in order to start accepting Bitcoin payments.
The company announced it added Bitcoin worth $10 million to its strategic reserves in January.
Back in April, Steak ‘n Shake Chief MAHA Officer Michael Boes told Bitcoin is a key driver for the business performance of the Bitcoin 2026 Conference attendees.
The same-store revenue increased 11% in the second quarter of 2025. This accelerated in the third quarter to 15%, surpassing competitors like McDonald’s Taco Bell Domino’s and Taco Bell.
He called it the highest same-store sales growth of any restaurant in the industry — and all because bitcoin on Lightning is cheaper and faster than traditional electronic payment methods.
It works like this: When customers pay with bitcoin instead of a credit card, Steak ‘n Shake saves roughly 50% on processing fees. The traditional credit card processors charge merchants 2.5%-3% per transaction.
“Bitcoin is real money made with real energy,” Boes at that time.
This company was also founded last year toyed The idea was to accept other cryptocurrencies, but the company scrapped it after a X poll revealed that most people believed only bitcoin would be needed.
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Source: bitcoinmagazine.com
