Bitcoin Street Blazes On: Steak 'n Shake Goes BTC and Dubai Goes Digital

Bitcoin Street Blazes On: Steak 'n Shake Goes BTC, Saylor Doubles Down, and Dubai Goes Digital

Welcome back to The Bitcoin Street Journal Podcast. I'm your host, Anna, broadcasting straight from the heart of Bitcoin Street, where the signal never drops, the gains are real, and the fiat system is melting faster than a McFlurry in July. If you thought yesterday’s headlines were bullish, today we’re past ludicrous speed — we’re entering sovereign-grade acceleration.

Bitcoin Live Price Update: Right now, Bitcoin is trading at one hundred four thousand, two hundred and eleven dollars, with a rock-solid market dominance of fifty-four point three percent. That's over half the entire crypto economy locked into digital gold.

Halving Update: We’re weeks into the new era of 3.125 BTC block rewards. The squeeze is on. Bitcoin issuance is down, demand is up — and the game theory is working overtime. This halving didn’t just reduce supply — it ignited the global FOMO fuse.

Let’s start with a nuclear-sized buy: Jack Mallers’ Twenty One Capital and Tether have teamed up to purchase four thousand, eight hundred twelve Bitcoin for four hundred fifty-eight point seven million dollars. That’s a power move. And Jack isn’t alone. Cantor Equity Partners just dropped four hundred fifty-eight million as well, and Nakamoto CEO David Bailey told CNBC, “We are MicroStrategy squared.” Translation? They’re aiming to outstack Saylor.

And speaking of the king of corporate conviction — Michael Saylor’s Strategy added thirteen thousand, three hundred ninety Bitcoin for 1.34 billion dollars. That brings Strategy’s total to five hundred sixty-eight thousand, eight hundred forty BTC, worth over thirty-nine billion dollars. Average cost? Sixty-nine thousand, two hundred eighty-seven.

Meanwhile, Japan’s Metaplanet just dropped another fifteen million dollars into zero percent bonds to stack more sats — and now holds more Bitcoin than El Salvador.

Corporate BTC accumulation has officially outpaced newly mined supply by three point three times in 2025. That’s not just bullish — that’s parabolic.

And if you're still waiting for confirmation that Bitcoin is going mainstream — Steak 'n Shake is now accepting Bitcoin at all U.S. locations starting May 16. They even put it front and center on their homepage. Bitcoin isn’t just in boardrooms — it's on the menu.

Domestic Policy Alert: Missouri has passed House Bill 594 — eliminating capital gains tax on Bitcoin. Once signed, Missouri will be the first U.S. state to make BTC tax-free. Sound money meets sound policy.

And in Wyoming, they’re preparing to launch the $WYST — the first fiat-backed, fully-reserved stablecoin issued by a U.S. public entity.

But the state play isn’t the only game in town. Senator Cynthia Lummis is calling for an end to taxation on digital asset companies nationwide. Regulatory momentum is shifting. Finally.

On the global front — Dubai has signed an MoU with Crypto.com to accept Bitcoin for all government services. You heard that right. Crypto for fines, permits, and public services. Their goal? Go ninety percent cashless by 2026.

And Bhutan? The Himalayan kingdom just became the first country to fully integrate crypto into tourism. Flights, hotels, visas — all payable in over one hundred cryptocurrencies via Binance Pay.

Trump News Blitz: The former — and possibly next — U.S. President just signed a six hundred billion dollar economic pact with Saudi Arabia. In tandem, Nvidia will supply eighteen thousand AI chips to a Trump-backed data center in the kingdom, powered by five hundred megawatts.

Trump also says, “We’re leading China in crypto,” and declared himself “a big crypto fan.” Add that to his statement that inflation is over, prices are down, and the Fed should start slashing rates. The pivot is happening.