Fast food chain Steak ‘n Shake, a wholly owned subsidiary of Biglari Holdings (NYSE:BH), added $5 million worth of Bitcoin (CRYPTO: BTC) to its Strategic Reserve on Tuesday. Steak ‘N Shake Fattens Bitcoin CoffersThe iconic American burger chain made this announcement in an X post, reiterating that all its Bitcoin sales go into the strategic reserve. “Our self-sustaining system — improving food quality that grows same-store sales that then grow the SBR — is transforming the chain via financial technology,” S ...

Core Viewpoint - Steak 'n Shake is actively engaging with the cryptocurrency community by implementing Bitcoin bonuses for employees and has seen positive impacts on sales since accepting Bitcoin as a payment option [1][6]. Group 1: Employee Compensation - Starting March 1, Steak 'n Shake will provide hourly employees at company-operated restaurants with a Bitcoin bonus of $0.21 for every hour worked, with a two-year vesting period for the payments [3][4]. - An employee working a full 40 hours per week would earn $8.40 weekly, translating to an annual total of $436.80 in Bitcoin, assuming no weeks off [4]. Group 2: Bitcoin Value Projections - Current Bitcoin price is $88,061.52, meaning the annual Bitcoin payments could buy approximately 0.0050 BTC, which could be worth $5,000 if Bitcoin reaches $1 million by 2030 [5]. Group 3: Sales Impact - Steak 'n Shake has increased its Bitcoin holdings by $10 million as part of its Strategic Bitcoin Reserve, and same-store sales have risen significantly since accepting Bitcoin [6]. - The company claims that one in every 500 Bitcoin transactions globally occurred at Steak 'n Shake on the day it launched Bitcoin payments [6]. Group 4: Transaction Efficiency - The COO of Steak 'n Shake stated that Bitcoin has improved transaction speeds and reduced processing fees by 50%, benefiting both customers and the company [7]. Group 5: Stock Performance - Biglari Holdings Inc, the parent company of Steak 'n Shake, saw its stock rise by 2.7% to $456.10, with a 106.5% increase over the last 52 weeks [8].

Core Insights - Steak 'n Shake, a subsidiary of Biglari Holdings, will start offering Bitcoin bonuses to hourly employees at its company-operated restaurants beginning March 1 [1][2] - Employees will receive a bonus of $0.21 worth of Bitcoin for every hour worked, with a two-year vesting period for collection [2] - The company has partnered with Fold, a Bitcoin-focused personal finance application, to implement this bonus program [2] Financial Strategy - Steak 'n Shake has added $10 million worth of Bitcoin to its balance sheet and plans to accept Bitcoin payments starting in 2025 [3][5] - The company reported nearly 50% savings in transaction fees within two weeks of accepting Bitcoin payments compared to traditional credit card processing [3][4] - All Bitcoin sales are directed into a Strategic Bitcoin Reserve, further enhancing the company's commitment to cryptocurrency [5] Market Performance - As of the latest data, Bitcoin (BTC) was trading at $89,133.47, down 2.01% in the last 24 hours [5] - Biglari Holdings' shares experienced a decline of 0.33% in pre-market trading, following a 2.91% drop during the regular trading session, with a year-to-date decline of 64% [6]

Core Insights - Tether has made an $8 million strategic investment in Speed1, Inc. to enhance Lightning-native, stablecoin-powered payments for global commerce, indicating a strong commitment to Bitcoin-aligned payment infrastructure [1][2] - The investment aims to support the growing adoption of USDT on the Bitcoin Lightning network, which is expected to facilitate instant and low-fee settlements for various users [3][5] Investment Details - Tether co-led the funding round for Speed, which focuses on payment solutions utilizing the Bitcoin Lightning Network and stablecoins, targeting a diverse range of users including consumers, creators, platforms, and enterprise merchants [2][3] - Speed processes over $1.5 billion in annual payment volume and serves approximately 1.2 million users and businesses, showcasing its significant market presence [3] Strategic Goals - Tether views the Speed investment as part of a broader strategy to bolster Bitcoin-based financial infrastructure and expand the role of USDT in real-world payment scenarios [3][4] - CEO Paolo Ardoino emphasized that the combination of Lightning technology and stablecoins like USDT can streamline transactions and prepare Bitcoin networks for mainstream commercial use [4] Market Trends - The activity of stablecoins on the Lightning Network has increased since Tether's announcement to integrate USDT with Bitcoin's base layer and Lightning, which is expected to lower costs and settlement times for various payment types [5] - Consumer applications, such as Block's Cash App, are beginning to adopt Lightning and stablecoins, indicating a growing trend towards integrating these technologies into everyday financial transactions [6] Recent Initiatives - Tether's investment in Speed is part of a series of strategic moves to expand USDT's payment capabilities, including investments in Zengo wallet and Fizen, aimed at enhancing stablecoin access and self-custody tools [7] - In November 2025, Tether also invested in Ledn, a Bitcoin-backed lender, to broaden credit products while maintaining customer self-custody, further supporting the use of USDT and BTC as collateral [8]

If this is our competition for payments, Dash is probably going to do just fine. 😏Joel Valenzuela (@TheDesertLynx):I tried running a test with a merchant that accepted Bitcoin over the Lightning Network.Didn't work.😵Contacted the merchant (who will remain anonymous). Paraphrasing what they said:"You had issues with Lightning? The node is running with 4 channels in green and balanced, ...

Core Insights - A new paradigm is emerging where companies are using Bitcoin not just as a long-term asset but as a functional currency, enabled by the Lightning Network [1][3] - Companies can now earn yield by deploying idle Bitcoin into Lightning liquidity channels, transforming their Bitcoin from a passive reserve into productive digital capital [2][5] - The integration of Bitcoin payments for revenue growth aligns the interests of treasurers and payment companies, enhancing the overall Bitcoin ecosystem [3][4] Group 1 - Companies can earn routing fees and transaction volume rewards by deploying Bitcoin into Lightning liquidity channels, improving treasury efficiency [2][5] - The Lightning Network allows treasury companies to lend or deploy Bitcoin liquidity, selling it to market participants who need channel depth [5] - This shift from passive reserve to active utility represents a significant inflection point for the Bitcoin economy [4][6] Group 2 - The yield generated through the Lightning Network is native to the network, avoiding counterparty risk associated with custodial yield products [6] - The more companies engage in routing payments and providing liquidity, the more robust the Lightning Network becomes, driving adoption and value [3][4] - Square's announcement to enable Bitcoin payments for over four million small businesses marks a critical step in the practical application of Bitcoin as money [3]

Core Insights - LQWD Technologies Corp. successfully completed a 60-day yield test on its Lightning Network, deploying over 47.1 BTC and achieving an 8.9% weighted annualized yield (APR) [1][2][3] Company Strategy - The 60-day test builds on a previous 24-day test, validating LQWD's Lightning yield strategy and demonstrating effective yield generation from deployed Bitcoin [2][3] - The CEO of LQWD stated that increasing Bitcoin deployment has led to strong performance, indicating that yield opportunities scale with the amount of Bitcoin utilized [3] Infrastructure and Operations - The testing was conducted within LQWD's global Lightning Network infrastructure, which manages Bitcoin across multiple nodes, reinforcing the scalability potential of the company's yield strategy [3] - LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity, contributing to Bitcoin adoption through the Lightning Network [6] Investor Exposure - LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the emerging revenue potential of Lightning-based payment technology [7]

Core Viewpoint - Bitcoin is considered "severely undervalued" compared to gold, with potential to reach $1.3 million if it matches gold's market capitalization [1][2]. Group 1: Bitcoin Valuation and Market Dynamics - Bitcoin reached a new all-time high above $126,000 on October 7, while tokenized gold assets surpassed a $3 billion market cap for the first time [2][6]. - The utility of Bitcoin as a neutral settlement asset for global payments is not reflected in its current valuations [2][3]. - Major financial institutions are increasingly adopting Bitcoin through exchange-traded funds, indicating a shift towards mainstream acceptance [4]. Group 2: Company Insights and Operations - Lightspark specializes in technologies built on Bitcoin's Lightning Network, enabling faster and cheaper cross-border payments [5]. - The company has successfully facilitated peso transfers to Mexico at lower costs than traditional remittance services, showcasing Bitcoin's practical applications [5]. - Lightspark's entry into Bitcoin during the previous bear market provided an advantageous cost basis as the asset has appreciated nearly 100% over the past year [4].

Core Insights - LQWD Technologies Corp. has acquired an additional approximately 14 Bitcoin, increasing its total holdings to about 252.5 Bitcoin, which translates to approximately 864 sats per share on a basic basis and 665 sats per share on a fully diluted basis [1][8] - The company has achieved a Bitcoin yield of roughly 49.4% year-to-date, measured by the increase in sats per diluted share [1] - LQWD has 29,238,408 shares outstanding, carries no debt, and maintains its Bitcoin reserves unencumbered, focusing on growth in Bitcoin-per-share metrics as a core element of its value strategy [2] Company Strategy and Leadership - The CEO of LQWD, Shone Anstey, emphasized the goal of building long-term value through Bitcoin accumulation and yield generation on the Lightning Network, stating that each addition to the treasury strengthens the balance sheet and adds value for shareholders [3] - Matthew Whitcomb has been promoted to VP of Capital Markets and Corporate Development, with the company granting 750,000 stock options to various stakeholders, exercisable for up to 5 years at a price of C$1.50 per share [3] Business Model and Market Position - LQWD is advancing Bitcoin adoption through the Lightning Network, which enables instant, low-cost transactions at scale, and operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [5] - The company offers investors unique exposure to both the long-term appreciation of Bitcoin and the emerging potential of Lightning-based payment technology [6]

#BitMart announces the primary listing of Bitlight Labs (LIGHT) @BitlightLabs 🔥Bitlight Labs is a Bitcoin and Lightning Network infrastructure company and a major contributor to the RGB protocol.💰Trading pair: LIGHT/USDT💎Deposit: Available💎Trading: 9/27/2025 14:00 PM UTCLearn more: https://t.co/E6OdR6xCDK ...