Popular burger chain Steak ‘n Shake has purchased $10 million in Bitcoin, signaling a major shift in its treasury strategy as it embraces digital assets alongside plans to accept crypto payments across its locations.
Bitcoin Giant Strategy’s decision to build a major cash reserve was a “smart” move, says BitMine’s Tom Lee, arguing the buffer boosts flexibility, cushions volatility and positions the firm for opportunistic Bitcoin buys.
BitMine Immersion (BMNR) revealed ETH holdings surpassing 3.03 million tokens and total crypto and cash assets of $12.9 billion, signaling significant balance-sheet strength and growing market influence.
GameStop’s CEO, Ryan Cohen, has acquired $10 million in GME shares amidst the company’s announcement of a $1.48 billion plan to purchase Bitcoin. This strategic move signals a significant pivot towards digital assets, enhancing shareholder value.