00:00Steak and Shake becomes first national burger chain to pay employee bonuses in Bitcoin.
00:05Fast food workers have seen plenty of perks over the years.
00:09Free meals, flexible food.
00:10Schedules or maybe a decent health plan if they're lucky.
00:13But cryptocurrency definitely boils.
00:15Steak and Shake will begin paying hourly workers a bit quicker.
00:20Coin bonus tied directly to ours worth.
00:22Extending the company's recent push into cryptocurrency.
00:25Come March 1st, employees at company-operated
00:30locations will earn an additional 21 cents in Bitcoin for every hour worked.
00:35According to a recent statement posted on X, the bonus will vest after two years, meaning
00:40workers must remain employed to receive the accumulated amount.
00:43How the program works.
00:45The hourly Bitcoin reward amounts to roughly 2.9% of the federal
00:50minimum wage.
00:51It will be distributed through a partnership with fintech platform Fold.
00:55which will handle the tracking and payout of the cryptocurrency.
00:59The program follows.
01:00Steak and Shake's announcement last week that it added $10 million worth of Bitcoin to its
01:05corporate treasury.
01:06The company began integrating Bitcoin into its operations in 2020.
01:10In 2005, when it started accepting Bitcoin payments at U.S. locations using the light
01:15lightning network, executives have previously stated that the move was driven by cost saving
01:20earnings as well as customer behavior.
01:22COO Dan Edwards said the story.
01:25Switch reduced card processing fees by roughly half and helped attract younger customers.
01:30The company even reported that same-store sales growth was more than 10% in the second
01:35quarter of 2025 following the rollout.
01:38Steak and Shake isn't just accepting cryptocurrency.
01:40quietly, either.
01:41The company has also leaned into Bitcoin-themed branding.
01:45In October of last year, it introduced a limited Bitcoin meal, which includes
01:50a small contribution to open-source Bitcoin development.
01:54Under the new bonus.
01:55infrastructure, a worker putting in 30 hours per week, would earn about $320,000
02:00worth of Bitcoin over a year, assuming prices remain stable.
02:05The chain has, however, not said whether the Bitcoin bonus will expand a franchise
02:10location or be adjusted over time.
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