Steak ’n Shake is making history as the first major restaurant to create a Strategic Bitcoin Reserve, adding all Bitcoin payments to its SBR and taking a bold step into cryptocurrency adoption.
Prenetics expanded its Bitcoin treasury with a $11 million purchase of 100 BTC—bringing total holdings to 378 BTC—while its wellness brand IM8 hits $100 million ARR.
Fold Holdings has partnered with Steak ’n Shake to offer customers $5 in bitcoin through the Fold app when they purchase a Bitcoin Meal or Steakburger and upload their receipt.
Strategy released its third-quarter earnings and reported a year-to-date Bitcoin yield of 26%, generating $12.9 billion in gains amid the ongoing 2025 crypto bull market.
Bitcoin fell over 3% to around $107,000 on Thursday as traders continued to react to Powell’s cautious outlook on rate cuts and renewed U.S.–China trade tensions.