Ethereum

Burger

Bitcoin

Iconic

It was nearly seven months ago that the&nbsp;popular American fast food chain <a href="https://www.thestreet.com/crypto/91-year-old-fast-food-chain-bitcoin-burger" rel="noopener noreferrer nofollow">Steak 'n Shake</a>&nbsp;decided to embrace financial independence and opt for Bitcoin (BTC).
Founded in 1934, Steak 'n Shake is one of the oldest fast food chains that is popular for its steakburgers and milkshakes. The chain has hundreds of stores in the U.S., France, Italy, Portugal, and Monaco.
In May, the 91-year-old burger chain <a href="https://www.thestreet.com/crypto/markets/popular-fast-food-chain-rolls-out-new-major-plan" rel="noopener noreferrer nofollow">began accepting </a>BTC payments globally via the Lightning Network—a move supported by the likes of Twitter and Block&nbsp;(NYSE: XYZ)&nbsp;co-founder Jack Dorsey.
<blockquote class="twitter-tweet">
 You spent $100 in <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a>… on potatoes?? <a href="https://twitter.com/jack?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@jack</a>, Satoshi's watching you. <a href="https://t.co/RLmWBYAeJT" rel="noopener noreferrer nofollow">pic.twitter.com/RLmWBYAeJT</a>— Roundtable Network (@RTB_io) <a href="https://twitter.com/RTB_io/status/1930594838996832512?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 5, 2025</a>
</blockquote>
The chain <a href="https://www.thestreet.com/crypto/innovation/popular-burger-chain-claims-saving-50-in-payment-processing-fees" rel="noopener noreferrer nofollow">claimed</a>&nbsp;the pivot helped it save approximately 50% in processing fees within a fortnight due to customers making payments in BTC instead of credit cards.
On&nbsp;Oct. 31,&nbsp;it became the&nbsp;first major U.S. restaurant chain to&nbsp;<a href="https://www.thestreet.com/crypto/business/iconic-us-restaurant-becomes-first-to-launch-bitcoin-reserve" rel="noopener noreferrer nofollow">launch</a>&nbsp;a Bitcoin reserve. Last month, it <a href="https://www.thestreet.com/crypto/retail/91-year-old-burger-chain-records-surge-in-sales" rel="noopener noreferrer nofollow">shared</a>&nbsp;that its same-store sales have hiked by more than 15% and are fuelling the reserve.
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 <figcaption>
 Florida, Orlando, Steak'n Shake, fast food restaurant with drive thru and carry out sign.
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It also plans to&nbsp;expand into <a href="https://www.thestreet.com/crypto/policy/quantum-computing-threat-shakes-el-salvadors-bitcoin-strategy" rel="noopener noreferrer nofollow">El Salvador</a>, the Central&nbsp;American country that has been accumulating Bitcoin for years now under the leadership of President Nayib Bukele.
<h3 id="more-news">More News:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/jack-dorsey-buys-100-worth-of-fries-and-folks-are-losing-it" rel="noopener noreferrer nofollow">Jack Dorsey buys $100 worth of fries, and folks are losing it</a></li>
 <li><a href="https://www.thestreet.com/crypto/innovation/popular-burger-chain-claims-saving-50-in-payment-processing-fees" rel="noopener noreferrer nofollow">Popular burger chain claims saving 50% in payment processing fees</a></li>
 <li><a href="https://www.thestreet.com/crypto/business/iconic-us-restaurant-becomes-first-to-launch-bitcoin-reserve" rel="noopener noreferrer nofollow">Iconic U.S. restaurant becomes first to launch Bitcoin reserve</a></li>
</ul>
<h2 id="steak-n-shake-eyes-more-bitcoin-partnerships">Steak 'n Shake eyes more Bitcoin partnerships</h2>
The 91-year-old burger chain reiterated on Dec. 9 that Steak 'n Shake is a Bitcoin company and said more Bitcoin partnerships will be announced.
<blockquote class="twitter-tweet">
 From Burgers to Bitcoin, a self-sustaining loop Bitcoin payments accepted ✅ Bitcoin Burger launched ✅ Strategic Bitcoin Reserve ✅ All bitcoin payments going into our SBR. 🔄 More Bitcoin partnerships to be announced. SnS is a Bitcoin company. 🚀— Steak 'n Shake (@SteaknShake) <a href="https://twitter.com/SteaknShake/status/1998440144634822671?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2025</a>
</blockquote>
The latest move comes amidst BTC staging a 4% recovery in a day to climb north of $94,000 on Dec. 9 after weeks of slump. At press time, BTC was exchanging hands at $93,995.
<a href="https://www.thestreet.com/crypto/ethereum" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) rose 8% to $3,368.57 and <a href="https://www.thestreet.com/crypto/xrp" rel="noopener noreferrer nofollow">XRP</a> 3% to $2.13.
The total crypto market cap rose more than 4% in the last 24 hours to $3.21 trillion at the time of writing.

91-year-old burger chain makes major announcement amid market surge

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