{"id":905085,"date":"2026-05-11T08:19:20","date_gmt":"2026-05-11T13:19:20","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/11\/steak-n-shake-says-bitcoin-payments-cut-processing-costs-by-50-save-6-million-annually\/"},"modified":"2026-05-11T08:19:20","modified_gmt":"2026-05-11T13:19:20","slug":"steak-n-shake-says-bitcoin-payments-cut-processing-costs-by-50-save-6-million-annually","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/11\/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":"<div data-td-block-uid=\"tdi_63\">\n<p>Steak \u2018n Shake Chief MAHA Officer <a href=\"https:\/\/x.com\/TheBitcoinConf\/status\/2046620464835940598\" data-type=\"link\" data-id=\"https:\/\/x.com\/TheBitcoinConf\/status\/2046620464835940598\">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<p>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<p>He called it the highest same-store sales growth of any restaurant in the industry.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>JUST IN: Fast food giant Steak &#8216;n Shake announces &#8220;when we use bitcoin, we save 50% on processing fees vs a traditional credit card user.&#8221; \ud83d\udc40<\/p>\n<p>&#8220;If every credit card user used bitcoin, we would save roughly $6 million annually. Which is huge&#8221; \ud83d\ude4c <a href=\"https:\/\/t.co\/NxuFOa3xmW\">pic.twitter.com\/NxuFOa3xmW<\/a><\/p>\n<\/div>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/2049558735442567168?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 29, 2026<\/a><\/p><\/blockquote>\n<p><template data-nitro-marker-id=\"372de9843891598aa58675a785cc4349-1\"><\/template> <\/div>\n<\/figure>\n<p>The financial case for Bitcoin, Boes argued, is straightforward. When customers pay with Bitcoin instead of a credit card, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/steak-n-shake\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/tags\/steak-n-shake\">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<p>\u201cWe\u2019re moving forward with bitcoin \u2013 the future of money,\u201d Boes said.<\/p>\n<h2>Steak \u2018n Shake: bitcoin is making their food healthier<\/h2>\n<p>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<p>\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<p>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<p>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<p>On Wednesday, Boes announced two new Bitcoin-themed menu items at the conference: a <a href=\"https:\/\/bitcoinmagazine.com\/news\/steak-n-shake-teases-bitcoin-milkshake-for-bitcoin-conference-2026\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/news\/steak-n-shake-teases-bitcoin-milkshake-for-bitcoin-conference-2026\">Bitcoin Milkshake<\/a> and a Bitcoin Steakburger, both tied to Bitcoin\u2019s fixed supply of 21 million coins.<\/p>\n<p>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<p>That reserve funds a <a href=\"https:\/\/bitcoinmagazine.com\/news\/steak-n-shake-to-pay-workers-bitcoin-bonus\">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<p>\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<p>The chain operates hundreds of locations across the United States, France, Italy, Portugal, and Monaco.<\/p>\n<\/p><\/div>\n<div data-td-block-uid=\"tdi_75\">\n<p><a href=\"https:\/\/bitcoinmagazine.com\/authors\/micahzimmerman\" title=\"Micah Zimmerman\"><img loading=\"lazy\" alt=\"Micah Zimmerman\" height=\"117\" width=\"117\" src=\"https:\/\/cdn-ileamcn.nitrocdn.com\/BngESKHdyFjXuZbvyAhEMmtQtwLKSKkU\/assets\/images\/optimized\/rev-a952b84\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg 2x\" nitro-lazy-src=\"https:\/\/cdn-ileamcn.nitrocdn.com\/BngESKHdyFjXuZbvyAhEMmtQtwLKSKkU\/assets\/images\/optimized\/rev-a952b84\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg\" decoding=\"async\" nitro-lazy-empty id=\"MTE3NDozMDUx-1\" data-nitro-empty-id=\"MTE3NDozMDUx-1\" previous-src=\"data:image\/svg+xml;base64,PHN2ZyB2aWV3Qm94PSIwIDAgMjAwMCAyMDAwIiB3aWR0aD0iMjAwMCIgaGVpZ2h0PSIyMDAwIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\"><\/a><\/p>\n<div>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/authors\/micahzimmerman\">Micah Zimmerman<\/a><\/p>\n<p>Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.<\/p>\n<\/div>\n<\/div>\n<p> Micah Zimmerman <br \/><a href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-is-fueling-steak-n-shake-comeback\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 reductions, and a sweeping menu overhaul tied directly to savings from bitcoin payments. Boes cited how the<\/p>\n","protected":false},"author":1,"featured_media":905086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29716,41862],"tags":[5443,14434],"class_list":{"0":"post-905085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-shake","8":"category-steak","9":"tag-shake","10":"tag-steak"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=905085"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/905085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/905086"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=905085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=905085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=905085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}