{"id":7230,"date":"2026-04-29T19:16:27","date_gmt":"2026-04-29T19:16:27","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/04\/29\/steak-n-shake-says-bitcoin-payments-cut-processing-costs-by-50-save-6-million-annually\/"},"modified":"2026-04-29T19:16:27","modified_gmt":"2026-04-29T19:16:27","slug":"steak-n-shake-says-bitcoin-payments-cut-processing-costs-by-50-save-6-million-annually","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/04\/29\/steak-n-shake-says-bitcoin-payments-cut-processing-costs-by-50-save-6-million-annually\/","title":{"rendered":"Steak \u2018n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Steak \u2018n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually<\/a><\/p>\n

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Steak \u2018n Shake Chief MAHA Officer Michael Boes<\/a> told attendees at the Bitcoin 2026 Conference in Las Vegas that Bitcoin has become a core driver of the chain\u2019s business performance, pointing to 2 million new customers, dramatic cost reductions, and a sweeping menu overhaul tied directly to savings from bitcoin payments.<\/p>\n

Boes cited how the chain launched its Bitcoin payment platform on May 16, 2025, via the Lightning Network, and the results came fast. Same-store sales rose 11% quarter over quarter in Q2 2025 and accelerated to 15% in Q3 2025, outpacing major rivals including McDonald\u2019s, Taco Bell, and Domino\u2019s.\u00a0<\/p>\n

He called it the highest same-store sales growth of any restaurant in the industry.<\/p>\n

\n

JUST IN: Fast food giant Steak ‘n Shake announces “when we use bitcoin, we save 50% on processing fees vs a traditional credit card user.” <\/p>\n

“If every credit card user used bitcoin, we would save roughly $6 million annually. Which is huge” pic.twitter.com\/NxuFOa3xmW<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) April 29, 2026<\/a>\n<\/p><\/div>\n

The financial case for Bitcoin, Boes argued, is straightforward. When customers pay with Bitcoin instead of a credit card, Steak \u2018n Shake <\/a>saves roughly 50% on processing fees. Traditional credit card processors charge merchants between 2.5% and 3.5% per transaction.\u00a0<\/p>\n

\u201cWe\u2019re moving forward with bitcoin \u2013 the future of money,\u201d Boes said.<\/p>\n

Steak \u2018n Shake: bitcoin is making their food healthier<\/h2>\n

Boes said that if every credit card user switched to Bitcoin, the chain would save approximately $6 million annually \u2014 funds he said go directly toward upgrading the food.<\/p>\n

\u201cBitcoin is real money made with real energy,\u201d Boes told the audience. \u201cIt\u2019s a healthy currency that allows us to make a healthier product.\u201d<\/p>\n

Those upgrades are already underway. Steak \u2018n Shake removed microwaves from its kitchens and will transition to 100% grass-fed and grass-finished beef across all locations starting June 1.<\/p>\n

The company previously switched from seed oils to beef tallow for frying its french fries as part of its alignment with the Make America Healthy Again movement.<\/p>\n

On Wednesday, Boes announced two new Bitcoin-themed menu items at the conference: a Bitcoin Milkshake<\/a> and a Bitcoin Steakburger, both tied to Bitcoin\u2019s fixed supply of 21 million coins.<\/p>\n

Steak \u2018n Shake has also built a closed-loop Bitcoin economy around its payments strategy. All Bitcoin received from customers goes into the company\u2019s strategic Bitcoin reserve, which has grown to $10 million.\u00a0<\/p>\n

That reserve funds a Bitcoin bonus program<\/a> for hourly employees \u2014 $0.21 per hour worked \u2014 that launched March 1. Boes confirmed he also accepts Bitcoin as part of his own compensation.<\/p>\n

\u201cI\u2019m one of the first in the industry to accept bitcoin as a part of my executive compensation package,\u201d Boes said. \u201cI hope that will pave a new way for models of compensation across the industry.\u201d<\/p>\n

The chain operates hundreds of locations across the United States, France, Italy, Portugal, and Monaco.<\/p>\n

This post Steak \u2018n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Steak \u2018n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually Steak \u2018n Shake Chief MAHA Officer Michael Boes told attendees at the Bitcoin 2026 Conference in Las Vegas that Bitcoin has become a core driver of the chain\u2019s business performance, pointing to 2 million new customers, dramatic cost […]<\/p>\n","protected":false},"author":0,"featured_media":7231,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7230","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7230"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7231"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}