American fast-food brand Steak 'n Shake announces purchase of $10 million worth of BTC for strategic Bitcoin reserves

GateNews
BTC5,43%

Odaily Planet Daily reports that the American fast-food brand Steak ‘n Shake has announced the purchase of $10 million worth of BTC for its strategic Bitcoin reserve. The organization refers to this model as an auto-enhancement system, aiming to combine sales growth, improved food quality, and long-term Bitcoin accumulation. (Bitcoin News)

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Foundry Launches Zcash Mining Pool Alongside Industry-Leading Bitcoin Pool

Foundry Digital launched its Zcash mining pool, capturing 29% of the network's hashrate shortly after its announcement. They also introduced Zcashinfo.com, a block explorer for transaction tracking, further enhancing infrastructure for the Zcash ecosystem.

Decrypt11m ago

Yesterday, Bitcoin spot ETFs had net outflows of $291 million, and Fidelity's FBTC had net outflows of $229 million

On April 13, Bitcoin spot ETF total net outflows were $291 million, BlackRock’s IBIT had net inflows of $34.7012 million, Bitwise’s BITB had net inflows of $11.8758 million, and Fidelity’s FBTC had net outflows of $229 million. Total spot ETF assets net asset value was $94.51B, and the net asset ratio was 6.45%.

GateNews1h ago

Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP

Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.

MarketWhisper1h ago
Comment
0/400
No comments