Steak ‘n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually

Bitcoin Magazine Steak ‘n Shake Says Bitcoin Payments Cut Processing Costs by 50%, Save $6 Million Annually Steak ‘n Shake Chief MAHA Officer Michael Boes told attendees at the Bitcoin 2026 Conference in Las Vegas that Bitcoin has become a core driver of the chain’s business performance, pointing to 2 million new customers, dramatic cost reductions, and a sweeping menu overhaul tied directly to savings from bitcoin payments. Boes cited how the chain launched its Bitcoin payment platform on May 16, 2025, via the Lightning Network, and the results came fast. Same-store sales rose 11% quarter over quarter in Q2 2025 and accelerated to 15% in Q3 2025, outpacing major rivals including McDonald’s, Taco Bell, and Domino’s. He called it the highest same-store sales growth of any restaurant in the industry. JUST IN: Fast food giant Steak 'n Shake announces "when we use bitcoin, we save 50% on processing fees vs a traditional credit card user." "If every credit card user used bitcoin, we would save roughly $6 million annually. Which is huge" pic.twitter.com/NxuFOa3xmW— Bitcoin Magazine (@BitcoinMagazine) April 29, 2026 The financial case for Bitcoin, Boes argued, is straightforward. When customers pay with Bitcoin instead of a credit card, Steak ‘n Shake saves roughly 50% on processing fees. Traditional credit card processors charge merchants between 2.5% and 3.5% per transaction. “We’re moving forward with bitcoin – the future of money,” Boes said. Steak ‘n Shake: bitcoin is making their food healthier Boes said that if every credit card user switched to Bitcoin, the chain would save approximately $6 million annually — funds he said go directly toward upgrading the food. “Bitcoin is real money made with real energy,” Boes told the audience. “It’s a healthy currency that allows us to make a healthier product.” Those upgrades are already underway. Steak ‘n Shake removed microwaves from its kitchens and will transition to 100% grass-fed and grass-finished beef across all loc...