1 August 2026
Canadian Restaurant Chain Converts Entire Cash Funds In Bitcoin
A Canadian Restaurant chain converted its entire fiat cash reserves into Bitcoin.
As per the restaurant Tahini’s tweet, ‘the best Middle Eastern restaurant in the world’ made the decision to switch its fiat reserve into crypto on the genesis in March’s crash, and when the Canadian government began to provide assistance programs for businesses unable to stay open due to the pandemic.
Countries like Canada and the United Stated were printing money to prop up their ailing economies. Based on such a view Tahini’s owner Omar Hamam started to see the financial system as “a game of musical chairs being played right now and the music will stop and some people will get left out.”
The owner stated that he was worried that the handouts and money printing would devalue fiat currency. He further added, “It was apparent to us that cash didn’t have the same appeal. That eventually with all the excess cash circulating the economy that cash would be worthless.”
“As time went on I was constantly trying to learn and grow my knowledge about finance. I heard people in the Bitcoin community saying you have to hear about Bitcoin at least 7 times before you get into it. 100% accurate.”
The restaurant chain owner decided to convert the company’s savings into Bitcoin because it “offers a much better alternative to saving cash.” He also said that they may continue to use Bitcoin as a reserve asset maybe forever if they don't require fiat.
Tahini is following the same financial planning strategy of MicroStrategy company. MicroStrategy purchased 21,454 BTC for roughly $250 million.
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