Corporate Bitcoin Adoption — 2026 Annual Report 🔸A data-driven look at how public companies adopt #BitcoinDownload the report:https://t.co/c6jxBfKo6K https://t.co/eDSHTY1Mqz ...

Corporate Bitcoin Adoption — 2026 Annual Report 🔸A data-driven look at how public companies adopt #BitcoinDownload the report:https://t.co/c6jxBfKo6K https://t.co/Bz0mtvtILu ...

Corporate Bitcoin Adoption — 2026 Annual Report 🔸A data-driven look at how public companies adopt #BitcoinDownload the report:https://t.co/c6jxBfKo6K https://t.co/Aaou4vLzTz ...

Corporate Bitcoin Adoption — 2026 Annual Report 🔸A data-driven look at how public companies adopt #BitcoinDownload the report:https://t.co/c6jxBfKo6K https://t.co/9HvxRlv1ME ...

Core Insights - Steak 'n Shake is implementing a Bitcoin bonus program for hourly employees, offering $0.21 for every hour worked, accessible after a two-year vesting period, as part of its transformation into a "real bitcoin company" [1] - The company aims to create a self-sustaining model by channeling customer Bitcoin payments into treasury holdings, which has contributed to significant sales growth [4][6] Employee Compensation - Starting March 1, hourly employees will receive a Bitcoin bonus, potentially allowing a full-time minimum wage worker to retire with over $3 million after 30 years if Bitcoin maintains a 20% annual growth rate [1][2] - The program is part of a broader strategy to enhance employee compensation and financial security through cryptocurrency [1] Financial Performance - Steak 'n Shake reported $69.3 million in Q2 2025 revenue, a 12% year-over-year increase, with Bitcoin users contributing to a 10.7% quarter-over-quarter rise in same-store sales [6] - The company experienced a 15% growth in same-store sales in Q3, outperforming major competitors in the fast-food sector [6] Bitcoin Strategy - The company made a $10 million Bitcoin treasury purchase, acquiring approximately 105 BTC, marking its first direct allocation since accepting crypto payments [3] - A "Strategic Bitcoin Reserve" system has been formalized to accumulate reserves through customer Bitcoin payments rather than converting them to cash [4] Payment Innovations - The implementation of Lightning Network payments across all US locations has resulted in nearly 50% savings on transaction fees compared to credit cards, contributing to increased same-store sales [5] - The partnership with Fold Holdings includes a Community Rewards Program, offering customers $5 worth of Bitcoin for purchasing branded items [7]

Core Insights - Steak 'n Shake, a 91-year-old burger chain, is significantly advancing its adoption of cryptocurrency by accepting Bitcoin payments globally since May 2025 and has recently added $10 million worth of Bitcoin to its balance sheet in 2026 [1][2] Group 1: Bitcoin Adoption and Financial Impact - The company reported a nearly 50% reduction in transaction fees by accepting Bitcoin payments through the Lightning Network, compared to traditional credit card processing [3][4] - Steak 'n Shake experienced a 15% increase in same-store sales attributed to its crypto-friendly customer base [3] Group 2: Expansion of Bitcoin Initiatives - In October 2025, the company launched a limited-edition Bitcoin Steakburger and introduced a rewards program in collaboration with Fold Holdings, allowing customers to earn Bitcoin rewards [5][6] - The promotion for the Bitcoin Steakburger enables customers to earn $5 in Bitcoin through the Fold App, which is available at approximately 400 U.S. locations [6]

Core Insights - OranjeBTC is establishing the largest Bitcoin treasury in Latin America, differentiating itself from other treasury companies primarily located in North America and Europe [1][3] Company Strategy - OranjeBTC currently holds 3,722 Bitcoin, making it the largest Bitcoin treasury company in Latin America, which provides significant scale and optionality for capital market strategies [3] - The company aims to leverage its large balance to explore structured products, derivatives strategies, and other capital market tools that smaller players cannot access efficiently [3][4] Market Positioning - Liquidity is a key advantage for OranjeBTC, enabling the issuance of securities backed by Bitcoin and the potential to generate income through derivatives strategies [4] - The company is one of the few publicly listed vehicles in Latin America that offers Bitcoin exposure compliant with institutional investment mandates, filling a significant gap in the market [6] Regional Context - The economic environment in Latin America, characterized by currency instability and inflation, creates a heightened demand for Bitcoin exposure, which is less prevalent in more stable economies [5] - The company is focusing on long-term accumulation, education, and access, aligning with the trend of digital asset treasury companies being evaluated on balance sheet discipline rather than mere price speculation [7]

Core Thesis - Hut 8 Corp. is positioned as a high-upside investment in the convergence of Bitcoin adoption, AI/HPC infrastructure demand, and North American energy development, transitioning from a pure-play Bitcoin miner to a vertically integrated energy infrastructure platform [2] Company Overview - Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America, generating revenue across Bitcoin mining, managed services, power infrastructure, and emerging HPC use cases [2] - The company has a current energy platform of 1,020 MW and an expansive development pipeline of 8,650 MW, with 1.5 GW in active development [3] Financial Position - Hut 8 holds a strategic Bitcoin reserve of 13,696 BTC, valued at approximately $1.6 billion, providing embedded leverage to Bitcoin price appreciation [3] - The company's share was trading at $40.16 as of December 17th, with trailing and forward P/E ratios of 20.70 and 128.21 respectively [1] Operational Strategy - The company has rapidly scaled its mining footprint, expanding its hashrate to 26.8 EH/s while improving fleet efficiency [4] - Hut 8 benefits from diversified revenue streams through its Power, Digital Infrastructure, and Compute segments, and the creation of an American Bitcoin subsidiary adds further optionality [4] Market Position and Risks - The investment case is tempered by risks, including dependence on unrealized Bitcoin gains and core operations being marginal or loss-making [5] - The significant development pipeline requires substantial capital and faces competition from larger, better-capitalized peers and hyperscalers [5] - Current market valuation prices in meaningful execution success, limiting margin of safety [5]

The Bitcoin Advantage: How Europe is Adopting Bitcoin https://t.co/K9AETb3tRD ...

Event Information - Bitcoin 行业领袖齐聚阿姆斯特丹，探讨企业采用 Bitcoin 的最新趋势、工具和策略 [1] - Bitcoin For Corporations Symposium 将于 7 天后举行 [1] - 会议由 @Treasury_BTC 主办，时间为 11 月 12 日 [1]