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Bitcoin
2026-09-09 18:37:31

Steak n Shake says same-store sales rose by double digits after adding Bitcoin payments

Steak n Shake, the Indianapolis, Indiana-based burger chain, said accepting Bitcoin has supported sales growth at its stores. In a post on X published Tuesday, the company said it has recorded double-digit same-store sales growth since it began taking Bitcoin in May 2025, adding that franchise-partner same-store sales were up 19% this quarter. The chain started accepting Bitcoin payments last year through the Lightning Network and later said it would place the asset on its balance sheet. In January, it announced that it had added $10 million in Bitcoin to its strategic reserve. Earlier this year, Chief MAHA Officer Michael Boes told the Bitcoin 2026 Conference that Bitcoin had become a core driver of business performance, citing same-store sales growth of 11% quarter over quarter in Q2 2025 and 15% in Q3 2025. He also said Bitcoin payments on Lightning were cheaper and faster than traditional electronic payment methods, with the company saving roughly 50% on processing fees when customers paid with Bitcoin instead of credit cards.

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Steak n Shake says same-store sales rose by double digits after adding Bitcoin payments
Yunfeng Finan
2026-09-07 14:45:40

Yunfeng Financial added to Stock Connect lists after disclosing 10,000 ETH purchase

Yunfeng Financial, in which Jack Ma holds an indirect stake, said it has been added to the list of Hong Kong stocks eligible for trading under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective Sept. 7, 2026. The company said the inclusion will allow qualified mainland Chinese investors to buy and sell its shares listed on the Hong Kong Stock Exchange through domestic securities firms, giving mainland investors a more convenient channel to access the stock. The company had previously disclosed that it bought a cumulative 10,000 ETH in the open market at a total investment cost of $44 million, including fees and expenses. Yunfeng Financial said the purchases were funded by the group’s internal cash reserves, and the ETH holdings were recorded as investment assets in its financial statements. It also said it plans to explore adding other mainstream digital assets, including Bitcoin (BTC) and Solana (SOL), to its strategic reserve assets.

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Yunfeng Financial added to Stock Connect lists after disclosing 10,000 ETH purchase
Bitget
2026-08-22 15:58:36

Bitget CEO says Bitcoin could return above $100,000 if the US begins buying

Bitget CEO Gracy Chen said on the Trade Secrets program that Bitcoin could climb back above $100,000 if the US government starts accumulating the asset. Her comment was framed as a scenario analysis rather than a statement about a confirmed policy move. The premise discussed was a hypothetical one in which the United States adds Bitcoin to a national strategic reserve. In that setup, Chen said, sovereign buying could have a meaningful effect on crypto market pricing. The remarks were cited by Cointelegraph and carried by Techub News as a market analysis item. No timeline, purchase size, or policy commitment was given in the report, which focused on the potential price impact if a government buyer of that scale were to enter the market.

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Bitget CEO says Bitcoin could return above $100,000 if the US begins buying