Steak ‘n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually
Bitcoin Magazine
Steak ‘n Shake reports significant savings and growth by adopting Bitcoin payments via the Lightning Network to reduce processing fees.Summary
At the Bitcoin 2026 Conference, Steak ‘n Shake executive Michael Boes announced that the chain has successfully integrated Bitcoin payments via the Lightning Network. By bypassing traditional credit card processors, the company saves 50% on transaction fees, totaling approximately $6 million in annual savings. These funds are being reinvested into menu quality, such as sourcing grass-fed beef and removing microwaves from kitchens, while simultaneously funding a Bitcoin-based employee bonus program and a $10 million corporate Bitcoin reserve.
(Source：Bitcoin Magazine)