Overview
- Steak ’n Shake teased a limited-run Bitcoin Milkshake tied to Bitcoin Conference 2026 and said it will be sold at participating U.S. stores.
- The company disclosed an additional $10 million purchase for its Strategic Bitcoin Reserve, building on an initial $10 million buy in January.
- Customers can pay for the shake and other items with Bitcoin at 393 U.S. locations using the Speed wallet over the Lightning Network, which routes small payments off-chain for faster, cheaper checkout.
- Steak ’n Shake and Speed report that Lightning transactions cut payment processing costs by about 50 percent compared with card networks and have helped lift sales.
- The chain is also paying hourly staff a $0.21-per-hour bonus in Bitcoin, tying worker rewards and planned store upgrades to growth in its Bitcoin-funded reserve.