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Steak'n Shake announces increased Bitcoin investment, with all sales revenue in the form of Bitcoin to be fully incorporated into strategic reserves.
BlockBeats News, January 28 – American fast-food chain Steak’n Shake announced an increase in Bitcoin investment, adding $5 million worth of Bitcoin (nominal value).
Additionally, the company also announced that all sales revenue recorded in Bitcoin will be fully incorporated into the company’s strategic reserves.
Last May, American fast-food brand Steak 'n Shake announced support for Bitcoin payments at all its stores across the U.S. In November, Steak 'n Shake announced the establishment of a strategic Bitcoin reserve.