Home BlockchainSteak N Shake Adds $5M To Strategic Bitcoin Reserve

Steak N Shake Adds $5M To Strategic Bitcoin Reserve

by Vivek Kumar
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Cryptocurrencies, Business, Bitcoin Price, Adoption

US fast-food restaurant chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve as part of a pledge to funnel all sales made in Bitcoin straight into the fund.

The move takes the company’s total Bitcoin (BTC) holdings to $15 million, equivalent to roughly 167.7 BTC at the time of publication, following a $10 million increase announced on Jan. 18.

However, it is not clear exactly how much Bitcoin it holds, nor whether the amount reflects price appreciation, customer…

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