Bitcoin Transactions Surpass Credit Card Speed at Steak ‘n Shake
At the Bitcoin Conference 2025, Dan Edwards, COO of Steak ‘n Shake, announced that Bitcoin payments are now faster than traditional credit card transactions. The fast-food chain has expanded its crypto payment options globally, accepting Bitcoin in all U.S. locations and select European markets like France, Monaco, and Spain. Edwards emphasized the operational advantages, citing a 50% reduction in processing times, signaling a significant shift toward cryptocurrency adoption in the retail sector.
Steak ‘n Shake Claims Bitcoin Transactions Outpace Credit Cards
At the Bitcoin Conference 2025, Dan Edwards, COO of American fast-food chain Steak ‘n Shake, declared that Bitcoin payments are faster than traditional credit card transactions. The company has expanded its crypto payment options globally, now accepting Bitcoin across all U.S. locations and in European markets including France, Monaco, and Spain.
Edwards highlighted the operational benefits, noting a 50% reduction in processing fees since adopting Bitcoin. "Bitcoin is reframe-breaking faster than credit cards," he stated during the conference. The MOVE underscores growing corporate confidence in cryptocurrency as a viable payment method.
The announcement follows Steak ‘n Shake's initial rollout of bitcoin payments on May 16. Industry observers view this as a significant step toward mainstream retail adoption of digital assets, particularly for high-volume, low-margin businesses where transaction efficiency directly impacts profitability.
Marathon Digital CEO Proposes U.S. Government Bitcoin Mining for Strategic Reserve
Marathon Digital Holdings CEO Fred Thiel has suggested a novel approach for the U.S. government to build its strategic Bitcoin reserve: domestic mining operations. Speaking at Bitcoin 2025 in Las Vegas, Thiel outlined how excess hydroenergy could be Leveraged to mine BTC in a budget-neutral manner, aligning with President Trump's March executive order.
The proposal comes as uncertainty lingers over implementation details nearly three months after the strategic reserve authorization. Thiel's plan highlights the growing intersection of national policy and cryptocurrency innovation, with Bitcoin mining emerging as a potential tool for sovereign wealth accumulation.
Strive Asset Management Raises $750M for Bitcoin Accumulation Strategy
Strive Asset Management has secured $750 million in a private investment round, marking the launch of its Bitcoin acquisition strategy. The capital will fund initial BTC purchases as part of a broader treasury management plan that favors alpha-generating strategies over passive holding.
The firm has identified a potential market opportunity involving more than 75,000 Bitcoin through distressed claim acquisitions. Strive's roadmap includes raising an additional $1.5 billion through warrant exercises in subsequent phases, signaling aggressive expansion of its crypto asset portfolio.
In a strategic move, Strive has proposed merging with Asset Entities to create a publicly traded Bitcoin-focused asset management company. This positions the firm to capitalize on growing institutional interest in cryptocurrency exposure.
Institutional Bitcoin Accumulation Signals Bullish Market Outlook
Bitcoin maintains stability NEAR $109,000 as institutional players aggressively accumulate positions. Michael Saylor's MicroStrategy added $427 million worth of BTC last week, while Bitcoin ETFs saw $2.75 billion inflows - with BlackRock's IBIT alone capturing $2.42 billion.
The coordinated institutional buying spree occurs despite looming macroeconomic uncertainty, suggesting strong conviction in Bitcoin's long-term value proposition. Market participants await key US inflation data and Nvidia earnings that could impact risk asset valuations.
Steak n’ Shake COO Highlights Bitcoin's Cost Efficiency in Payment Processing
LAS VEGAS, Nevada — Steak n’ Shake's adoption of Bitcoin payments has yielded immediate financial benefits, according to COO Dan Edwards. Speaking at Bitcoin 2025, Edwards revealed the fast-food chain slashed payment processing fees by 50% within two weeks of implementation.
The operational savings stem from Bitcoin's streamlined settlement compared to traditional credit card networks. "When customers choose bitcoin, we're passing those savings back into the business," Edwards noted, emphasizing the triple-win for consumers, merchants, and the crypto ecosystem.
Transaction volume suggests rapid adoption, with Steak n’ Shake processing 0.2% of global Bitcoin transactions on its launch day. The data points to growing merchant acceptance of cryptocurrency as a viable alternative to legacy payment rails.
Tether Expands U.S. Footprint with $5 Billion Strategic Investments
Tether, the issuer of the world's largest stablecoin USDT, has quietly deployed approximately $5 billion into U.S. tech and infrastructure since 2022. CEO Paolo Ardoino describes a diversified strategy targeting decentralized media, neuroscience, and Bitcoin infrastructure.
The company acquired $770 million worth of Class A shares in Rumble, a YouTube alternative, and invested $200 million in Blackrock Neurotech's brain-implant technology. Tether is also expanding its Bitcoin mining operations through Wyoming-based pool OCEAN, though its relationship with Swan Bitcoin appears uncertain.
