Steak ‘n Shake thanks Bitcoiners as same-store sales rise 11% in Q2

Steak ‘n Shake attributed Bitcoin as a driver for its 11% quarter-on-quarter sales rise after adopting the cryptocurrency as a payment method in May.

US fast-food chain Steak ‘n Shake tipped its hat to Bitcoiners after reporting a 10.7% quarter-on-quarter same-store sales increase in Q2, outpacing America’s top food chains.

“Bitcoin has been a game changer,” Steak ‘n Shake posted to X on Friday, thanking Bitcoiners for their contributions since May 16, when the fast food chain started accepting Bitcoin (BTC) as payment.

The solid growth suggests merchant Bitcoin payments may still be alive in the US, where Bitcoin is mostly treated as an investment, unlike in less developed countries where it is more frequently used in day-to-day transactions.