“In the second quarter of 2025, Steak ‘n Shake’s same-store sales increased by 10.7%,” the firm wrote in a Friday post on X, thanking the Bitcoin community soon after Biglari published its second quarter financial results. “Bitcoin has been a game changer. Thank you Bitcoiners.” Dan Edwards, Steak ‘n Shake’s chief operating officer, told Bitcoin Conference attendees in May during a speech that his firm was “saving 50% in processing fees” just by adopting the cryptocurrency. “Bitcoin, Burgers & Beyond,” the company stated.

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