Fold Holdings (NASDAQ: FLD), the bitcoin rewards firm identified for letting customers earn sats on on a regular basis purchases, has teamed up with iconic fast-food chain Steak ’n Shake for a limited-time promotion that lets prospects earn $5 in bitcoin with their meal.
Beginning in the present day, Steak ’n Shake diners who order a Bitcoin Meal or Bitcoin Steakburger at one of many 1,200+ collaborating Steak ’n Shake places can go to bitcoinmealdeal.com, add their receipt, and obtain a code redeemable for $5 in bitcoin via the Fold app.
As soon as the Fold app is downloaded and activated, the reward is immediately credited. The partnership marks the primary time a U.S. restaurant chain has paired a menu merchandise with bitcoin rewards, mixing meals, finance, and popular culture in a single chew.
Even the bun carries a message: it’s stamped with a Bitcoin emblem, a refined however unmistakable image of how far the orange coin has traveled into mainstream consciousness.
“Bitcoin goes mainstream when it begins exhibiting up in on a regular basis life,” mentioned Fold Chairman and CEO Will Reeves in a observe to Bitcoin Journal. “That’s been our imaginative and prescient from the start, and our promotion with Steak ’n Shake is the following step in that journey. For many individuals, this would be the first time they ever personal bitcoin — and it’ll come from one thing as peculiar as grabbing a burger.”
Steak ‘n Shake loves bitcoin
For Steak ’n Shake, the partnership deepens its ongoing relationship with the Bitcoin group.
Earlier this yr, the 90-year-old chain rolled out Lightning Community funds throughout all U.S. places, permitting prospects to pay for meals utilizing bitcoin with immediate, low-fee transactions.
The corporate even sparked headlines when it publicly scrapped plans to simply accept Ethereum, declaring its “allegiance” to Bitcoiners.
Now, it’s taking that loyalty a step additional.
“Steak ’n Shake has by no means been afraid to take a daring place, and placing bitcoin on the menu is the most recent instance,” mentioned Sardar Biglari, CEO of Steak ’n Shake. “Bitcoin is rewriting the principles of tradition and commerce, and we wish our company to be a part of that future each time they sit down for a meal.”
Fold, which went public earlier this yr via a SPAC merger, at present holds roughly 1,500 BTC in its company treasury — valued close to $160 million — and maintains a market cap slightly below $200 million.
The corporate just lately launched a bitcoin rewards Visa card powered by Stripe and continues to broaden its product suite bridging conventional finance and Bitcoin-native instruments.
The marketing campaign — launching in the present day, a date that coincidentally marks the seventeenth anniversary of the Bitcoin white paper — runs nationwide whereas provides final. For each firms, it’s a symbolic nod to Bitcoin’s evolution from white paper to burger wrapper.
