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Fold and Steak ’n Shake Launch $5 Bitcoin Meal Deal as Chain Establishes Strategic BTC Reserve

Customers redeem $5 in bitcoin by uploading a receipt at bitcoinmealdeal.com through the Fold app.

Overview

  • The limited-time promotion went live on October 31 and will run while supplies last.
  • Steak ’n Shake will route all bitcoin payments into a newly created Strategic Bitcoin Reserve.
  • The company pledged a 210-sat donation from each Bitcoin Meal to the Open Sats Initiative over the next 12 months.
  • Participation scope remains unclear, with Fold citing roughly 400 locations as some outlets report more than 1,200.
  • Fold reports holding nearly 1,500 BTC in its corporate treasury as it expands bitcoin rewards across cards and its app.