Steak 'n Shake to Pay 'Bitcoin Bonus' to Hourly Employees—Here's How Much
Steak ‘n Shake is partnering with Bitcoin services firm Fold to pay its hourly employees a bonus of $0.21 per hour worked, awarded in Bitcoin and fully vested after two years. For a 40-hour work week, this equates to $436.80 in Bitcoin annually, or $873 over two years, potentially worth more or less depending on Bitcoin's price. Reactions to the move are mixed: some praise the crypto adoption, while others criticize the bonus size and suggest a traditional pay raise instead. This initiative follows several Bitcoin-centric actions by Steak ‘n Shake in the past year, including accepting BTC payments at U.S. franchises, introducing Bitcoin-themed menu items, and building a strategic Bitcoin reserve. The company attributes some improved sales figures to support from the Bitcoin community. Steak ‘n Shake has focused exclusively on Bitcoin, even scrapping plans to support Ethereum payments after pushback from Bitcoin advocates.
