BIGLARI HLDGS CL. B

Activist investor Biglari Kapital, which holds 9.86% of Jack in the Box, is urging shareholders to vote against the re-election of chairman David Goebel at the annual meeting. The move follows weak Q1‑2026 results: same-store sales down 6.7%, adjusted EBITDA down about 23%, EBITDA margin 19.5% (−400 basis points), and earnings per share from continuing operations $0.75 (−54%). After the results the stock fell 18% and is trading 53% below last year’s price; market capitalization is $343 million. Biglari blames the losses on Goebel’s tenure, cites cumulative market value decline and board compensation, and criticizes the company for spending $5 million on proxy solicitation. » More on de.investing.com

From March 1, hourly workers at about 140 company-owned Steak ’n Shake restaurants will receive an additional $0.21 per hour worked in Bitcoin, which is only paid out after two years with the company. Annually extrapolated to a full-time position, that equals roughly $873 in BTC at the current price in addition to regular wages. The move follows the rollout of Bitcoin payments for customers and a corporate purchase of around $10 million in Bitcoin; supporters cite employee retention effects, while critics point to high turnover in the industry. » More on finanzen.net

Steak 'n Shake purchased $10 million worth of Bitcoin for its Strategic Bitcoin Reserve, citing improved same-store sales and lower processing costs. The chain began accepting BTC via the Lightning Network in May 2025 and reported roughly 50% savings in transaction fees versus credit cards. It has also launched a Bitcoin Steakburger promotion and a BTC rewards program with Fold to expand crypto adoption across its locations. » More on finance.yahoo.com