Steak 'n Shake Makes First Bitcoin Treasury Bet With $10M BTC Purchase [Yahoo! Finance]
Fold Holdings, Inc. - Class A (FLD)
Company Research
Source: Yahoo! Finance
Key Takeaways: Steak 'n Shake made its first $10M Bitcoin treasury purchase after adopting crypto payments. All customer-paid Bitcoin now flows into a Strategic Bitcoin Reserve tied to sales growth. The move reflects a consumer-driven Bitcoin strategy, not a balance-sheet accumulation play. The acquisition, equal to roughly 105 BTC at current market prices, marks the company's first disclosed direct allocation since it began accepting crypto payments in May 2025. The move formalizes what the restaurant chain calls a “Strategic Bitcoin Reserve,” a system that channels all Bitcoin received from customers directly into its treasury rather than converting it into cash. In a post on X , Steak ‘n Shake said the approach ties rising same-store sales to long-term reserve growth, creating what it described as a self-sustaining model. Steak 'n Shake enabled Lightning Network payments across all US locations in mid-May, a rollout publicly backed by Jack Dorsey. The company repor
Show less
Read more
Impact Snapshot
Event Time:
FLD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FLD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FLD alerts
High impacting Fold Holdings, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
FLD
News
- Bitcoin Fintech Enters Russell 2000 While Strategy Risks MSCI Exclusion [Yahoo! Finance]Yahoo! Finance
- Fold Holdings added to Russell 2000 Index [Seeking Alpha]Seeking Alpha
- Fold to be included in the Russell 2000 IndexGlobeNewswire
- Fold Becomes First Public Bitcoin Financial Services Company to Operate Nationwide Through BitGo’s Federally Chartered Trust FrameworkGlobeNewswire
- Fold Survey Finds 60% of Consumers Are Interested in Gifting Bitcoin This Holiday SeasonGlobeNewswire
FLD
Earnings
- 11/10/25 - Beat
FLD
Sec Filings
- 12/2/25 - Form 4
- 11/25/25 - Form 424B3
- 11/25/25 - Form 424B3
- FLD's page on the SEC website