American restaurant chain Steak 'n Shake announced it has increased its Bitcoin holdings by $5 million.

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PANews reported on January 28 that Steak 'n Shake, the American restaurant chain, announced on its X platform that its "burger-to-Bitcoin" transformation plan continues to advance, with the company adding $5 million in Bitcoin holdings in nominal value. The company stated that all proceeds from Bitcoin sales will be deposited into its strategic Bitcoin reserve.

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