Steak 'n Shake Invests $10 Million in Bitcoin for Strategic Reserves

The assessment is "likely_true" with high confidence based on the consistency of the provided sources. There is direct evidence from a highly relevant source, which is corroborated by general information from higher-authority sources. One news report from a cryptocurrency-focused outlet directly and explicitly states that Steak 'n Shake purchased $10 million worth of Bitcoin for its strategic reserves. This source has the highest relevance (1.00) as it addresses the exact claim in the statement. Furthermore, two separate, higher-authority sources (Yahoo Finance and AOL Finance) confirm the foundational element of the claim: that Steak 'n Shake's parent company, Biglari Holdings, does hold Bitcoin in its corporate treasury. While these sources do not specify the $10 million figure, they establish the company's involvement with Bitcoin, making the specific investment amount plausible. The lack of the specific dollar amount in these articles is an omission of detail, not a contradiction.There are no sources that contradict the statement. The remaining sources are either irrelevant to the claim or only mention the investment indirectly by linking to another news story, which neither adds nor subtracts from the core evidence. In summary, the combination of a direct claim from a specialized source and partial corroboration from more general, high-authority financial news outlets, coupled with a complete lack of contradictory evidence, makes it highly probable that the statement is true.