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Steak ’n Shake is introducing a Bitcoin bonus for hourly employees as part of its expanding crypto strategy.
The programme is powered by infrastructure from publicly traded Bitcoin services firm Fold.
Eligible employees will receive a bonus of $0.21 per hour worked, paid in Bitcoin.
The Bitcoin bonus will vest fully after a two-year period.
“Starting March 1, Steak n Shake will give all hourly employees at its company-operated restaurants a Bitcoin bonus of $0.21 for every hour worked,”
The company said.
“Employees will be able to collect their Bitcoin pay after a two-year vesting period,”
The company said.
Based on a 40-hour work week, employees could earn about $436.80 in Bitcoin per year.
The payout equates to roughly 0.005 BTC at current prices.
Reaction online was mixed, with some praising crypto adoption and others criticising the size of the bonus.
The move follows Steak ’n Shake’s rollout of Bitcoin payments across US locations last year.
The chain previously dropped plans to accept Ethereum payments after backlash from Bitcoin supporters.
Steak ’n Shake has also created a strategic Bitcoin reserve holding BTC received from customer payments.
At the time of reporting, Bitcoin price was $90,034.69.