Bitcoin Updates: Bitcoin Takes Center Stage—Steak 'n Shake Offers Crypto Rewards to Patrons

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Updates: Bitcoin Takes Center Stage—Steak 'n Shake Offers Crypto Rewards to Patrons

Bitget-RWA2025/11/01 02:46

By:Bitget-RWA

- Steak 'n Shake becomes first major U.S. fast-food chain to establish a Bitcoin strategic reserve and launch crypto-linked rewards. - Partnership with Fold Holdings offers $5 Bitcoin rewards for "Bitcoin Burger" purchases, aiming to onboard crypto newcomers through everyday transactions. - CEO Sardar Biglari emphasizes Bitcoin's role in future commerce, while 210 satoshis from each meal will fund open-source Bitcoin projects via OpenSats Initiative. - Strategic move aligns with rising institutional Bitcoi

Steak 'n Shake, a well-known American fast-food brand, has made a significant move into the world of cryptocurrency by creating a

Bitcoin

reserve fund and introducing a customer rewards initiative connected to digital currency purchases. On October 31, 2025, the company revealed that all Bitcoin payments accepted at its restaurants would be placed into a dedicated corporate reserve, making it one of the first major U.S. fast-food brands to implement this approach, as reported by

a Yahoo Finance report

. This development follows Steak 'n Shake's earlier adoption of Bitcoin payments through the Lightning Network in May 2025, which reportedly cut payment processing expenses in half.

This new effort is accompanied by a special promotion in partnership with Phoenix-based Bitcoin financial services provider

Fold Holdings

(NASDAQ: FLD),

Invezz reported

. Customers who buy a specially marked "Bitcoin Burger" or "Bitcoin Meal" at around 400 locations are eligible for a $5 Bitcoin reward, which can be claimed through the Fold app. To receive the reward, customers need to upload their receipt to a specific website and enter a unique code. This campaign, described as the first time a U.S. restaurant chain has directly linked meal purchases to Bitcoin rewards, is designed to introduce new users to cryptocurrency by making digital assets part of everyday spending,

Crypto.News reported

Bitcoin Updates: Bitcoin Takes Center Stage—Steak 'n Shake Offers Crypto Rewards to Patrons image 0

"Bitcoin becomes mainstream when it is integrated into daily routines," said Will Reeves, chairman and CEO of Fold, highlighting the campaign's potential to expand adoption, according to

The Block

. Sardar Biglari, CEO of Steak 'n Shake, stated that the company's embrace of Bitcoin demonstrates its intention to "help shape the future of culture and business," as reported by

Investor Empires

. Additionally, the company committed to donating 210 satoshis (a small unit of Bitcoin) from each Bitcoin meal sold over the next year to the OpenSats Initiative, a nonprofit supporting open-source Bitcoin development,

KuCoin reported

The creation of a Bitcoin reserve aligns with a larger movement of businesses and institutions adopting Bitcoin. Firms such as MicroStrategy and Hyperscale Data have previously accumulated significant Bitcoin reserves, with Hyperscale Data recently disclosing a $68.8 million Bitcoin holding, accounting for half its market value,

Investing.com reported

. Steak 'n Shake's decision reflects trust in Bitcoin's future potential, positioning it as both a value store and a means to engage customers, according to

a CryptoRank analysis

Bitcoin's market outlook has also brightened recently, with the cryptocurrency trading close to $114,600 as of October 28, 2025, after a turbulent month influenced by trade disputes and expectations around Federal Reserve policy, according to

an Investing.com analysis

. U.S. spot Bitcoin ETFs have seen a surge in inflows, attracting $3.5 billion in new investments this month. BlackRock's iShares Bitcoin Trust (IBIT) leads these inflows, holding $92.66 billion in assets—representing 60% of all U.S. Bitcoin ETF assets, as reported by The Block.

Experts believe Steak 'n Shake's approach could encourage broader Bitcoin use in retail and food service. By treating Bitcoin as a strategic asset and offering direct crypto rewards to customers, the company is piloting a model that merges financial innovation with consumer convenience, according to BitcoinWorld. Nevertheless, there are ongoing challenges, such as Bitcoin's price fluctuations and changing regulations for digital assets, as highlighted in the CryptoRank analysis.

At present, Steak 'n Shake's initiative highlights Bitcoin's increasing acceptance in mainstream commerce, shifting it from a specialized investment to a practical part of daily transactions. As Reeves remarked, "For many, this will be their first experience owning bitcoin—and it will come from something as simple as buying a burger." The Block covered Reeves' statement.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Shiba Inu (SHIB) stabilizes above $0.00001002 support, with community-led token burns and Fibonacci breakouts fueling short-term bullish momentum. - Key resistance at $0.0000105-115 could trigger further gains if EMA ($0.00001020) holds, but overbought Stochastic RSI (83.83) signals potential pullbacks. - Decentralized burn initiatives and $6.08B market cap recovery highlight resilience, though $97.8M daily volume lags behind major altcoins. - Traders monitor consolidation patterns amid macroeconomic tre

Bitget-RWA•2025/11/01 17:56

Community-Driven Token Burns Propel Shiba Inu's Upward Momentum as the $0.0000105 Barrier Approaches

Cardano News Today: Cardano's Ambitious $1 Trillion Move: Tackling DeFi Delays Using AI and Bitcoin

- Cardano founder Charles Hoskinson announced a 2030 $1 trillion vision, shifting focus to AI-powered payments, Bitcoin interoperability, and real-world use cases to address DeFi underperformance. - The x402 open-payment standard, integrated via Masumi smart contracts, enables automated machine-to-machine transactions, with a memecoin proof-of-concept already launched. - Despite low TVL ($2.9B) and stablecoin market cap ($36M), Hoskinson blamed governance failures over tech limits, criticizing the Cardano

Bitget-RWA•2025/11/01 17:56

Cardano News Today: Cardano's Ambitious $1 Trillion Move: Tackling DeFi Delays Using AI and Bitcoin

Institutional trust and major investors drive MUTM’s $20 million presale momentum

- Mutuum Finance (MUTM) nears $20M presale target with 17,500+ holders, priced at $0.035 in Phase 6. - Tiered pricing model and institutional/whale participation drive momentum, with analysts projecting 15-20x returns by 2026. - V1 protocol (Q4 2025) introduces P2C/P2P lending, token buybacks, and a USD-pegged stablecoin to boost ecosystem value. - CertiK audit (90/100 score) and $50K bug bounty reinforce security, while Chainlink oracles mitigate liquidation risks. - Market compares MUTM to early Aave, hi

Bitget-RWA•2025/11/01 17:56

Institutional trust and major investors drive MUTM’s $20 million presale momentum

Ethereum Updates: MoonBull's Presale Boom Overtakes Ethereum and Litecoin as Leading Crypto Investment for 2025

- MoonBull ($MOBU) surpasses Ethereum (ETH) and Litecoin (LTC) as 2025's top presale crypto, raising $500K+ in Stage 5 with 1,600+ holders. - Projected 9,256% ROI at $0.00616 listing price leverages Ethereum-based infrastructure with reflection rewards and governance voting. - 23-stage presale model (27.40% price increases) and 95% APY staking incentives align with market trends favoring deflationary governance. - ETH's $3,900 consolidation and LTC's 6.43% monthly decline highlight MoonBull's disruptive po

Bitget-RWA•2025/11/01 17:56