In brief
- Fold and Steak 'n Shake are partnering to provide Bitcoin rewards for Bitcoin Steakburger buyers.
- Those who buy the burger or Bitcoin meal can earn $5 in BTC, claimable via the Fold app.
- Shares in FLD are down around on the day, but Bitcoin is up slightly on the day.
Decrypt’s Art, Fashion, and Entertainment Hub.
Discover SCENE
Publicly traded Bitcoin services firm Fold is teaming up with restaurant chain Steak 'n Shake, offering a new promotion that allows buyers of the new Bitcoin Burger to claim real Bitcoin rewards.
The limited-time offer is available at nearly 400 U.S. restaurant locations, and grants those who upload their receipts at bitcoinmealdeal.com with $5 in BTC claimable via the Fold app. Restaurant patrons can order either the Bitcoin steakburger or the Bitcoin meal to earn BTC rewards.
“This is the first in a series of mainstream partnerships we plan to roll out, all focused on showing how Bitcoin can fit naturally into everyday spending,” Fold fonder and CEO Will Reeves told Decrypt. “Fold is already integrated across retail, dining, and lifestyle brands through our gift card marketplace, and we’ll keep expanding into categories that help people earn Bitcoin in ways that are simple, safe, and rewarding.”
Fold offered a similar promotion earlier this year, providing Bitcoin rewards to those who bought Steak 'n Shake gift cards via its Fold app.
Steak 'n Shake began leaning into crypto and Bitcoin specifically earlier this year, allowing Bitcoin payments at its restaurant locations. It has since attributed some of its year-over-year sales growth to the Bitcoin community.
This month, the burger-focused restaurant unveiled the Bitcoin Steakburger to celebrate the five-month anniversary of Bitcoin payments. The burger has the iconic Bitcoin logo stamped onto the top bun. The firm considered adding Ethereum payment options as well, but scrapped the plans after backlash from the Bitcoin community.
Fold operates as a Bitcoin financial services firm, offering a debit card product that provides Bitcoin rewards on everyday purchases. It is also planning the release of a Bitcoin credit card, with an open email waitlist.
In February, the firm went public on the Nasdaq under the ticker FLD. Shares are down about 3.5% so far Friday, and now down around 68% year-to-date, changing hands at $3.59.
Bitcoin has started rebounding in the last 24 hours, rising 1% to $108,737
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CoinShares Files for Bitcoin Volatility ETF Suite, Targeting BTC Price Swings
In brief
CoinShares filed a post-effective amendment to register three ETFs tracking the CME CF Bitcoin Volatility Index.
The funds—a base, leveraged, and inverse variant—could begin trading in early June if the SEC raises no objections.
Management fees were not listed, signaling the
Decrypt34m ago
Geopolitical Tensions With Iran Leave Bitcoin Hovering Near $69.5K
Bitcoin slipped below the $70,000 mark as macro risk assets came under pressure amid renewed Middle East tensions, renewing questions about BTC’s sensitivity to broader markets. The September session saw BTC pull back after a brief sprint to around $71,800 earlier in the week, with traders
CryptoBreaking1h ago
Bitcoin Depot CEO Resigns as Company Signals Business Contraction
Bitcoin Depot undergoes leadership changes, with Alex Holmes replacing Scott Buchanan amid increasing regulatory scrutiny and a projected revenue decline of 30-40%. The company faces heightened compliance costs and challenges in the Bitcoin ATM sector.
LiveBTCNews1h ago
K33 Research: Bitcoin Enters Bottom-Building Phase, Market Gradually Shakes Off Selling Pressure
Bitcoin has recently been oscillating between $60,000 and $75,000, with reduced selling pressure in the market. Spot ETF inflows have turned positive, indicating a possible market bottom formation. Long-term holders' reluctance to sell is also strengthening price support. However, macroeconomic uncertainty remains, impacting market sentiment.
動區BlockTempo1h ago
