American fast-food chain Steak ‘n Shake has created a Bitcoin treasury with sales from its restaurants. For every Bitcoin meal sold, 210 sats ($0.23) will be donated to nonprofit OpenSats. Despite revenue growth, Bitcoiners make up a small portion of their customer base. Steak ‘n Shake saves 50% in processing fees by accepting Bitcoin. Customers can earn $5 in BTC by buying a “Bitcoin Meal” or “Bitcoin Steakburger” and redeeming the receipt in the Fold app. This initiative aims to make Bitcoin mainstream in everyday life.
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Bitcoin hits new all-time high of $65,000 as investors show increased interest in cryptocurrency. The digital currency has gained over 100% in value since the beginning of the year, with market capitalization surpassing $1.2 trillion. Experts predict continued growth in the crypto market as adoption increases.
El Salvador becomes the first country to adopt Bitcoin as legal tender, allowing citizens to use the cryptocurrency for everyday transactions. President Nayib Bukele believes this move will attract foreign investment and promote financial inclusion for the unbanked population. The government also plans to build Bitcoin infrastructure, including mining facilities powered by volcanic energy.
Tesla CEO Elon Musk announces plans to resume accepting Bitcoin as payment for vehicles, following concerns about the environmental impact of mining. Musk states that Tesla will use more sustainable energy sources for Bitcoin transactions and is considering other cryptocurrencies that are more environmentally friendly. The decision boosts Bitcoin prices by 10%.
China intensifies crackdown on cryptocurrency mining and trading, leading to a significant drop in Bitcoin prices. The government’s ongoing efforts to regulate the crypto market have caused mining operations to shut down, impacting global supply and demand for Bitcoin. The crackdown aims to reduce financial risks associated with digital assets and promote centralized control over currency.: Steak ‘n Shake Launches Strategic Bitcoin Reserve