Steak ‘n Shake Bitcoin Burger Comes With Actual BTC as Firm Creates ‘Strategic Reserve’

Publicly traded Bitcoin services company Fold has partnered with restaurant chain Steak ‘n Shake to offer a new promotion for buyers to buy Bitcoin. new bitcoin burger Receive real Bitcoin rewards. And the restaurant brand is also launching its own “strategic Bitcoin reserve” that will hold all payments received in BTC.

The limited-time BTC rewards offer is available at approximately 400 U.S. restaurants and will be given to those who upload their receipts. bitcoinmealdeal.com You can claim $5 BTC via the Fold app. Restaurant patrons can earn BTC rewards by ordering a Bitcoin Steakburger or Bitcoin Meal.

“This is the first in a series of mainstream partnerships we plan to roll out, all focused on showing how Bitcoin can naturally fit into everyday spending,” said Will Reeves, Foldfonder and CEO. decryption. “Fold is already integrated across retail, food and lifestyle brands through our gift card marketplace, and we continue to expand the category to give people an easy, secure and rewarding way to earn Bitcoin.”

folding offered a similar promotion earlier this yearoffering Bitcoin rewards to those who purchase Steak ‘n Shake gift cards via the Fold app.

Shortly after announcing its partnership with Fold, Steak ‘n Shake posted its Reserve plans on X. Unlike other companies that raise funds to buy BTC, this restaurant will keep the Bitcoins it earns from paying for burgers and milkshakes as reserves.

For every Bitcoin meal, we also donate 210 Sats (1 Sat = 1/100,000,000 BTC), or approximately $0.23, to OpenSats, a public charity that supports open source contributors working on Bitcoin.

Steak ‘n Shake started leaning into cryptocurrencies and Bitcoin specifically earlier this year, allowing Bitcoin payments in its restaurants. since then Part of the year-over-year growth in sales contributed to To the Bitcoin community.

This month’s restaurants focus on hamburgers Bitcoin Steakburger announced To commemorate the 5th month anniversary of Bitcoin payments. The top bun of the burger is engraved with the iconic Bitcoin logo. The company considered adding an Ethereum payment option, but scrapped the plan after backlash from the Bitcoin community.

Fold operates as a Bitcoin financial services company, offering debit card products that offer Bitcoin rewards on everyday purchases. It is also planned to be released. bitcoin credit card, An email waiting list is open.

In February, the company Listed on NASDAQ It’s under the ticker FLD. Shares fell about 3.5% through Friday and are currently trading at $3.59, down about 68% since the beginning of the year.

Bitcoin It started to rebound in the past 24 hours, rising 1% to $108,737.

Editor’s note: This article was updated after publication with additional details about the Strategic Reserve.