Steak n Shake announced on 16 January 2026 that it has increased its bitcoin exposure by $10,000,000 in notional value, continuing a program begun eight months earlier when the company started accepting bitcoin payments and directing all bitcoin sales into its Strategic Bitcoin Reserve (SBR). The company attributes a dramatic rise in same‑store sales since adopting bitcoin payments and says revenue from those sales feeds the SBR.

The company describes the model as self‑sustaining—higher same‑store sales grow the SBR, while investments in food quality and expansion aim to further leverage bitcoin into the business; availability of bitcoin purchases and SBR holdings follows applicable laws and custodial arrangements.

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• When did Steak ‘n Shake begin accepting bitcoin payments? Steak ‘n Shake began accepting bitcoin payments eight months before 16 January 2026.
• How much additional bitcoin exposure was added? The company added $10,000,000 in notional bitcoin exposure on 16 January 2026.
• Where are bitcoin sales directed within the company? All bitcoin sales are directed into Steak ‘n Shake’s Strategic Bitcoin Reserve (SBR).
• Does this change affect menu availability or locations? The announcement links the program to quality and expansion but gives no location‑specific changes.

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