Fast food chain Steak ‘n Shake, a wholly owned subsidiary of Biglari Holdings (NYSE:BH), announced Tuesday it will give a Bitcoin (CRYPTO: BTC) bonus for all hourly employees at its company-operated restaurants beginning March 1.
Bitcoin Bonuses Are Here?
In an X post, the iconic American burger chain announced a bonus of $0.21 worth of Bitcoin for every hour worked.
“Employees will be able to collect their Bitcoin pay after a two-year vesting period,” the company said.
Steak ‘n Shake has partnered with Fold, a Bitcoin-focused personal finance application, to create the bonus program.
This move comes after the burger chain added $10 million worth of Bitcoin to its balance sheet, following its decision to accept Bitcoin payments in 2025. The company reported a nearly 50% savings in transaction fees within two weeks, compared to credit card processing.
Steak ‘n Shake’s Bitcoin Cache
The incentive was the latest in the company’s ongoing embrace of the leading cryptocurrency.
In May 2025, Steak ‘n Shake began accepting Bitcoin payments globally through the Lightning Network, a move endorsed by Block co-founder, Jack Dorsey. The company reported a nearly 50% savings in transaction fees within two weeks, compared to credit card processing.
Steak N Shake also sponsored the Bitcoin 2025 Conference, where it shared an update on its push into Bitcoin as a payment option.
Notably, all its Bitcoin sales go into a Strategic Bitcoin Reserve. Earlier this month, it added $10 million worth of additional BTC to the reserves.
Price Action: At the time of writing, BTC was exchanging hands at $89,133.47, down 2.01% in the last 24 hours, according to data from Benzinga Pro.
Biglari shares are down 0.33% in pre-market trading after closing 2.91% lower at $446.80 during Tuesday’s regular trading session. Year-to-date, the stock has plunged 64%.
The stock maintains a stronger price trend over the short, medium, and long terms with a high Momentum ranking, according to Benzinga’s Edge Stock Rankings.
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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