Classic American steakburger chain Steak ‘n Shake expanded its Bitcoin holdings by $5 million, bringing total cryptocurrency exposure to $15 million through its innovative “Burger-to-Bitcoin transformation” model.
Route 66-born, classic American brand Steak ‘n Shake has increased its Bitcoin BTC $89 267 24h volatility: 2.0% Market cap: $1.78 T Vol. 24h: $42.61 B exposure by $5 million, according to a recent update. The steakburger house has been making notable moves around the leading cryptocurrency, gathering support and growth.
In a recent post on X, made on January 27, the brand’s official account doubled down on what it called a “Burger-to-Bitcoin transformation.” All Steak ‘n Shake “Bitcoin sales” go into the company’s “Strategic Bitcoin Reserve,” as disclosed in the post.
Steak n Shake's Burger-to-Bitcoin transformation continues.
Today we increased our Bitcoin exposure by $5,000,000 in notional value.
All Bitcoin sales go into our Strategic Bitcoin Reserve.
Our self-sustaining system — improving food quality that grows same-store sales that…
— Steak 'n Shake (@SteaknShake) January 27, 2026
The model uses what they described as a “self-sustaining system,” relying on improved food quality to increase “same-store sales” that are directed to the strategic reserve (SBR).
Steak ‘n Shake’s Burger-to-Bitcoin Transformation
Interestingly, the “Burger-to-Bitcoin transformation” started in May 2025, when Steak ‘n Shake started accepting Bitcoin payments in some locations. Earlier this month, on January 16, 2026, the company disclosed a $10 million BTC exposure, reinforcing its commitment to the cryptocurrency.
Then, Steak ‘n Shake announced a long-term Bitcoin bonus to its hourly employees—a controversial offering that Coinspeaker reported about on Jan. 21. As announced, the company will pay an extra $0.21 worth of BTC per worked hour, with the caveat that the amount will be vested for two years and forfeited if the employee leaves the company.
All these strategic movements have grown same-store sales by 18% in 2026 and “double digits” in 2025, according to a recent post celebrating the ongoing efforts and Bitcoin support.
Steak n Shake’s same-store sales growth in 2025 was up by double digits. So far in 2026, same-store sales are up an unbelievable 18% for company and franchise-partner units.
We are trouncing our competitors thanks to growing support from our loyal customers and our Bitcoin…
— Steak 'n Shake (@SteaknShake) January 26, 2026
With a disclosed $15 million Bitcoin treasury, Steak ‘n Shake would rank among the top 100 BTC treasuries, per Bitcoin Treasuries data. Michael Saylor’s Strategy is the leading Bitcoin treasury, reportedly with total holdings above 712,000 BTC after a recent purchase, worth more than $62 billion at current prices.
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