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Steak 'n Shake Says It's Paying Hourly Employees A Bitcoin Bonus For Every Hour Worked, Pledges Trump Account Contributions
Yahoo Finance· 2026-03-04 16:01
Company Overview - Steak 'n Shake is implementing a Bitcoin bonus program for its hourly employees, offering 21 cents per hour worked, which translates to approximately $28 in Bitcoin bonuses per month for employees working an average of 137 hours [3][4] - The company aims to position itself as a "Maximum-Wage Employer," focusing on competitive pay to attract and retain talent [4] Financial Commitment - In January, the company added $15 million worth of Bitcoin to its reserves, but this amount has decreased to $11 million due to a slump in Bitcoin prices [1] - The company is also contributing $1,000 to Trump Accounts for the children of eligible employees, further emphasizing its commitment to employee welfare [3][4] Sales Performance - Following the integration of Bitcoin payments, Steak 'n Shake reported a significant surge in same-store sales, indicating a positive impact on business operations from adopting digital currency [2]