- Steak ‘n Shake introduces Bitcoin payroll option for employees.
- Includes use of a Strategic Bitcoin Reserve.
- High transaction volume recorded on Bitcoin launch day.
Steak ‘n Shake is offering employees the option to receive Bitcoin payments starting December 17, 2025, following widespread acceptance of Bitcoin in its restaurants since May.
This bold move aligns with its strategic Bitcoin Reserve, boosting its role in crypto integration and capturing notable transaction volume.
On December 17, 2025, Steak ‘n Shake announced a new option allowing employees to receive part of their pay in Bitcoin. This decision follows the company’s earlier acceptance of Bitcoin for customer payments beginning May 16, 2025.
The initiative is led by Dan Edwards, who confirmed the use of the Lightning Network for global Bitcoin payment processing. Employees may choose Bitcoin instead of or in addition to traditional currency.
The impact includes reduced transaction fees and a potential shift in employee financial management. Steak ‘n Shake reported saving approximately 50% in processing fees compared to traditional credit card payments.
Financial implications involve the creation of a Strategic Bitcoin Reserve to hold Bitcoin payments for long-term benefit. The company also participates in rewards programs, enhancing its market presence.
High transaction volume was noted on launch day, with significant engagement from the crypto community. This strategy may encourage similar businesses to explore digital currency options.
Insights into the potential outcomes include regulatory considerations as the rollout relies on jurisdictions that permit Bitcoin use. Historical trends suggest increasing adoption of Bitcoin could reshape payment systems.
Dan Edwards, Executive, Steak ‘n Shake, – “The day we launched Bitcoin, 1 out of every 500 bitcoin transactions in the world happened at Steak ‘n Shake.”
