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Steak ’N Shake Doubles Down On Bitcoin With $10M Balance Sheet Boost

Steak ’n Shake has moved $10 million of Bitcoin onto its corporate balance sheet, a fresh step in the fast-food chain’s crypto push. According to reports, the purchase equals about 105 BTC at current prices, and the company says all customer Bitcoin receipts feed into a so-called Strategic Bitcoin Reserve.

Strategic Bitcoin Reserve Tied To Sales

Based on reports, Steak ’n Shake calls its new approach a Strategic Bitcoin Reserve and says it links reserve growth directly to rising same-store sales.

The company has framed the move as part of daily operations rather than a standalone financial bet. Customers who pay with Bitcoin are effectively contributing to the reserve, the chain said. This is a different route from companies that raise capital or borrow specifically to buy crypto.

Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation when we started accepting bitcoin payments. Our same-store sales have risen dramatically ever since.

All Bitcoin sales go into our Strategic Bitcoin Reserve.

Today we increased our Bitcoin…

— Steak ‘n Shake (@SteaknShake) January 17, 2026

Payments On The Lightning Network

Steak ’n Shake started accepting Bitcoin at US locations in mid-May 2025, using the Lightning Network to handle payments, according to earlier coverage.

The company reports payment processing fees have fallen by roughly 50% compared with traditional card payments, and sales have risen since the rollout.

Reports note same-store sales gains in the low-to-mid double digits — figures such as 15% have been cited by several outlets.

The $10 million allocation follows eight months of active Bitcoin payments at the tills. Management says the reserve will fund store upgrades and ingredient improvements without raising menu prices.

The firm also ran a branded promotion last year that linked small Bitcoin rewards to specific menu purchases, part of its wider effort to make crypto part of the customer experience.

How The Company Plans To Use Funds

Reports indicate Steak ’n Shake wants the reserve to be a steady, internally funded asset rather than a speculative holding driven by market timing.

Some of the Bitcoin will support operational improvements, while other parts may be kept as a corporate asset. That mix could change if management alters its view of how Bitcoin fits with broader company goals.

Industry watchers point out that $10 million is modest against the biggest corporate crypto treasuries, but it is one of the more public moves by a legacy consumer brand.

The trend of businesses accepting Bitcoin and then holding some of it has drawn attention because it ties everyday commerce to cryptocurrency accumulation.

Featured image from Unsplash, chart from TradingView

Sizzling Juicy Rotisserie Prime Rib for the Holidays

Updated for 2025

Prime rib is one of my favorite meats to grill or smoke for a special occasion. I have fond memories of my father preparing prime rib for our Christmas dinner. It has become a tradition for my family, too. He set the bar high, and the meat was always wonderful. Years later I watched Steven Raichlen cook a prime rib on a rotisserie and I knew I needed to try his method.

Of course, its expense makes prime rib an intimidating cut of meat to prepare. Naturally, you don’t want to ruin it! But Steven’s method ensures it will “wow” your guests. And it’s relatively easy, too.

Simply set up the rotisserie attachment on your kettle or gas grill and add a few wood chunks to create smoke. Roast the prime rib at 400 degrees. The high heat of the fire creates a crispy exterior and the wood imparts a smoky aroma, one you just can’t get when cooking the meat in the oven. The inside of the roast comes out perfectly cooked, tender, and juicy.

Start with the best meat you can afford. I got a 4-bone 12-pound upper prime Black Angus prime rib roast. Most prime ribs are not graded “prime” by the USDA. (In fact, despite their name, many are graded “choice.” Prime is an outdated term referring to a standing rib roast and has nothing to do with the grade or the marbling of the beef. This “Prime” rib was a cut above the ones I have cooked in the past. In other words, it was prime prime rib!

When cooking this indulgent cut of meat, I discovered two things are key: 1) controlling the temperature of the grill; and 2) using a reliable wireless meat thermometer to monitor the temperature of the meat itself.

Winter holidays in New England are usually chilly. When it is cold and windy, it can be difficult to keep the temperature of the grill or smoker consistent. A windy day can cause charcoal to burn faster and create temperature spikes. A trusty wireless thermometer allows you to monitor both the grill and meat temperature without having to open the lid of the grill repeatedly. Opening the lid will create fluctuations in the grill temperature and can lead to uneven cooking.

Rotisserie Prime Rib

I began my prime rib project by trimming off a little bit of fat. I also scored the outside of the prime rib to create a crosshatch pattern. Scoring helps to release fat and helps create a crispy exterior. I then brushed the prime rib with olive oil and generously seasoned it with coarsely and freshly ground black peppercorns and kosher salt.

Rotisserie Prime Rib

I removed the prime rib from the refrigerator and let it sit for about 45 minutes before cooking. (I left it on a sheet pan covered with plastic wrap). Putting a cold prime rib on a hot rotisserie would probably burn on the outside before the inside finished cooking. Bringing the temperature of a large cut of meat up before cooking promotes even cooking.

I set up my kettle grill for indirect grilling. I placed a foil drip pan between the coal baskets, then attached the rotisserie ring and the rotisserie motor. If you do not have a rotisserie, set up your grill for indirect grilling.

Rotisserie Prime Rib on the grill

Once the grill reached 400 degrees, I added wood chunks to the coals and positioned the rotisserie spit with the prime rib over the rotisserie ring. I started basting the meat with red wine after 30 minutes of cooking. I continued to baste the meat every 30 to. 40 minutes until the prime rib reached an internal temperature of 135 degrees. Total cooking time for the prime rib was 2 hours and 30 minutes for medium-rare.

Prime Rib

I took the meat off the grill and removed the prongs and the spit. I then lightly covered the meat with foil to rest for 25 minutes. Don’t skip the resting step or you’ll leave precious meat juices on the cutting board. Once the meat rested, I sliced off the bones to serve as ribs. I then sliced the prime rib into 1/4 inch slices. I even saw a subtle smoke ring.

Rotisserie Prime Rib - Finished

The combination of high heat from the rotisserie and the salt and pepper rub created a crusty and flavorful exterior. The inside was tender and juicy due to the marbling of the prime rib. The whole kitchen had a smoky aroma as the meat rested. The perfect bite was the mix of crispy exterior and tender meat. I served the prime rib with chive-mashed potatoes, smoke-roasted carrots topped with a sage brown butter, and caramelized onion beef gravy.

If you are looking to create a front row moment (and a new holiday tradition) for your family for the holidays, try a prime rib.

Key Tips & Technique Highlights

  • Bring the roast closer to room temp before cooking. Taking the chill off helps the exterior sear beautifully without overcooking the center.
  • High heat for a crispy exterior. A rotisserie at around 400°F gives you a caramelized crust and rich, beefy flavor.
  • Use a reliable wireless or instant-read thermometer. Monitoring both grill and meat temps avoids guesswork and ensures even cooking.
  • Rest before slicing. Letting the roast rest under foil redistributes juices — don’t skip this.
  • Baste for flavor. Red wine or seasoned baste every 30–40 minutes during the rotisserie cook for additional depth.

Internal Temperatures (Doneness Guide)

  • Rare: 120–125°F
  • Medium-Rare (classic choice): 130–135°F
  • Medium: 140–145°F

The meat will continue to rise several degrees once off the grill, so factor that into your pull-off temperature.

 

Prime Rib Recipes

What size prime rib is best for rotisserie cooking?
Choose a 3–4 bone roast (7–12 pounds). This size works well on most grill rotisseries and feeds 8–10 people comfortably.
Do I need a rotisserie to grill prime rib?
No. While a rotisserie ensures even cooking, you can also set your grill for indirect heat and cook the roast that way. Add wood chunks or chips for extra smoke flavor.
Why is resting the roast important?
Resting allows the juices to redistribute throughout the meat. Cutting too soon will cause those juices to spill onto the cutting board instead of staying in the slices.
How long does a rotisserie prime rib take to cook?
Cooking time varies by size and grill temperature, but plan on about 15–20 minutes per pound for medium-rare at roughly 400°F. Always rely on a thermometer, not the clock.
Can I prepare prime rib ahead of time?
Yes. You can season or rub the roast the night before and refrigerate it uncovered or loosely tented. This helps dry the surface slightly, leading to better browning.

Also Read:

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The post Sizzling Juicy Rotisserie Prime Rib for the Holidays appeared first on Barbecuebible.com.

Smoky Flavor Secrets Every Backyard Cook Should Know

Smoky Flavor Secrets Every Backyard Cook Should Know There’s something about a deep, rich, smoky flavor that makes backyard cooking feel more satisfying. Whether you’re grilling, slow-cooking, or experimenting over a small fire pit, that subtle mix of aroma and depth brings out the best in meats, vegetables, and even sauces. You don’t need a […]

Traeger Smoked NY Strip

By: Charlie

This Traeger grilled New York strip steak is simple, delicious, and ready in minutes. It’s perfect for date nights, special dinners, or weekend cookouts when you want something that feels a bit more upscale. I like to cook it medium rare and serve it with classic steakhouse sides. The Traeger adds just enough smoke flavor […]

The post Traeger Smoked NY Strip appeared first on Simply Meat Smoking.

Smoked Tomahawk Ribeye on the Pellet Grill

Smoked Tomahawk Ribeye on the Pellet Grill

This 3-pound tomahawk ribeye went straight on the pellet grill—no reverse sear, no cast iron finish. Just steady smoke and low heat all the way through. I figured it might miss that crust, but the right layer of seasoning and patience built up the perfect color. The result? Juicy, tender, medium-rare perfection with a buttery jus from the rest. Proof you can cook a tomahawk start to finish on a pellet grill and still pull off a true steakhouse-quality ribeye.

WHAT MALCOM USED IN THIS RECIPE:

Smoked Tomahawk Ribeye On The Pellet Grill Recipe

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Smoked Tomahawk

Smoked Tomahawk Ribeye on the Pellet Grill


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Description

Smoked tomahawk ribeye cooked start-to-finish on the pellet grill. No sear, just low heat, rich smoke, and juicy medium-rare steakhouse flavor every time.


Ingredients

  • 1 Tomahawk Ribeye Steak (about 3 lbs)
  • 2 Tbsp Worcestershire sauce
  • 2 Tbsp Willingham’s W’ham Original Mild Seasoning
  • 12 Tbsp Killer Hogs AP Seasoning (salt, pepper, garlic)
  • 12 Tbsp Killer Hogs Steak Rub (for texture & color)
  • ½ stick (4 Tbsp) unsalted butter, cut into pats

Instructions

  1. Trim the Steak
    Lightly trim any big pockets of fat around the edges and clean up the bone for presentation.
  2. Season Generously
    Rub the steak all over with Worcestershire sauce as a binder.
    Apply a medium coat of W’ham Original Mild Seasoning for color and base flavor.
    Add a layer of Killer Hogs AP Seasoning to build that salt, pepper, garlic profile.
    Finish with a layer of Killer Hogs Steak Rub for texture and crust.
  3. Rest & Fire Up the Grill
    Let the steak sit out while you fire up your pellet grill to 250°F. This gives the seasonings time to melt in and lets the steak come up to room temperature before cooking.
  4. Smoke the Tomahawk
    Place the steak on the pellet grill and insert a probe thermometer into the thickest part.
    Set your first target internal temp to 120°F.
    Once it hits 120, reset your probe to 128°F and monitor closely.
  5. Rest with Butter
    Place pats of butter and a light sprinkle of Steak Rub on a platter.
    Remove the steak from the grill at 128°F and place it directly on butter.
    Tent loosely with foil and rest for 10 minutes.
  6. Slice & Serve
    Remove the steak from the bone, then slice across the grain. The melted butter and drippings combine to make a rich, flavorful sauce—spoon that over the slices before serving.

That’s how you nail a tomahawk on the pellet grill—low heat, good smoke, and plenty of patience. Slice it up, drizzle that buttery rest over the top, and you’ve got steakhouse flavor right in your backyard.

Malcom Reed
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How To Cook Steak On Traeger Grill

By: Charlie

Want to grill juicy sirloin steaks on your Traeger? This direct grilling method uses high heat and simple seasonings to get great results for dinner parties, date nights, or weekend cookouts. The technique differs from typical low-and-slow Traeger cooking – you’ll remove the heat shields and cook directly over the flame at 500°F. I’ll show […]

The post How To Cook Steak On Traeger Grill appeared first on Simply Meat Smoking.

How To Grill a Ribeye Steak

Grilled Ribeye Steak

This is how I grill a ribeye steak. Sometimes I change out the flavors and seasonings… and you can too… but this is my tried and true technique I use for getting a perfectly juicy ribeye – with all the flavor!

WHAT MALCOM USED IN THIS RECIPE

A good ribeye steak deserves the right treatment, and I’m showing you exactly how to grill it up right! We’re seasoning it with a bold rub, cooking it over red-hot coals for a killer crust, and making sure it’s perfectly juicy from edge to edge.

Whether you like it medium-rare or a little more done, this method locks in all the flavor and gives you steakhouse-quality results every time!

Malcom Reed
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The post How To Grill a Ribeye Steak appeared first on HowToBBBQRight.

Garlic Butter Filet Mignon

Garlic Butter Filet Mignon

I started with a Whole Beef Tenderloin, then trimmed it into Filet Mignon Steaks – but you can start with Filet Mignon Steaks straight from the meat counter. To cook these steaks, I used a reverse-seared on a charcoal grill and brought them up slowly to nail the doneness. Then I moved them directly over the coals and basted with Garlic Butter while these Filets got flame-kissed over open flames.

 

 

WHAT MALCOM USED IN THIS RECIPE:

I started with a whole beef tenderloin, trimmed it myself – because they are a little cheaper and you end up with extra meat for other recipes too. After I trimmed these filets into thick steaks, I seasoned them simply – but not lightly – and set up my Primo Grill for a two-zone fire.

Started the steaks out slow on the indirect side and when they hit 115 internal I seared them directly over the hot coals and basted them with garlic butter. I like them medium rare, so I only seared them for 1-2 minutes each side (basting them with the garlic butter the whole time). Took them off, let them rest and these were some of the best steaks I’ve ever cooked!

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GARLIC BUTTER FILET MIGNON

Garlic Butter Filet Mignon


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Description

Whole Beef Tenderloin trimmed into Filet Mignon Steaks and cooked with a reverse-seared – then basted with a Garlic Butter while they get flame-kissed over open flames


Ingredients

  • 512oz Beef Tenderloin Filets (AKA – Filet Mignon Steaks)
  • 1/4 cup Worcestershire Sauce
  • 1/2 cup Killer Hogs TX Brisket Rub
  • 1 Tablespoon olive oil
  • 8 cloves garlic minced
  • 1 shallot minced
  • 2 sticks salted butter
  • 1 Tablespoon chopped parsley

Instructions

  1. Drizzle the outside of each steak with worcestershire sauce and season heavily with TX Rub (coarse salt and black pepper can substitute).
  2. Set up a grill for 2 zone cooking – hot and cool side.  I used my primo ceramic grill running Royal Oak Lump charcoal but any grill will work.
  3. Keep the grill between 275-300°F for the first stage of the reverse sear. Place a probe thermometer in the center of one of the filets and set each steak on the cool side of the grill to start away from the direct fire.
  4. Once the internal temperature reaches 115°F – about 25 minutes; remove the steaks from the grill and place on a foil lined sheet pan. Rest the steaks for about 15-20 minutes. You will notice the temp continues to climb but it will eventually stop and start to drop. This is where you want to do the sear stage.
  5. While the filets are resting – add a drizzle of olive oil to an iron skillet. Add the garlic and shallot and saute until soft – season with a little TX rub for flavor.
  6. Move the skillet off the direct heat and add the butter. Stir until the butter melts about 2 minutes and add the chopped parsley.
  7. Brush each filet with the butter mixture and place over the direct heat (Fire side) of the grill for 1 minute on each side.  Continue brushing with butter at this point and only cook until a char starts to form.  It should take about 1-2 minutes total each side.  It is important to not walk away and be extremely careful at this point because the fire will be rolling.
  8. Remove the steaks from the grill once seared and brush with additional garlic butter.  Rest the steaks for 5 minutes and serve.

 

Malcom Reed
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Petite Fillet with Garlic Peppercorn Sauce

By: Chris

 [FTC Standard Disclosure] We receive no compensation for any content or links in this post.

Let's get the recipe out of the way first since people hate scrolling through the typical food blogger stuff to get to the recipe. This is a simple white sauce variation that is creamy, savory, and as the name implies - it has a peppery kick.

Petite fillet with creamy peppercorn sauce
Mini-Surf and Turf - Petite fillet with creamy peppercorn sauce, snow crab legs, and asparagus.



Creamy Garlic Peppercorn Sauce

www.nibblemethis.com

Published 03/30/2025

A creamy and delicious sauce that's delicious on steaks, burgers, and grilled vegetables. We took ours to another level by using Bourbon Barrel Smoked Pepper.

INGREDIENTS

  • 3 tablespoons unsalted butter
  • 1 tablespoon minced garlic
  • 1 tablespoon minced shallot
  • 1/2 teaspoon kosher salt
  • 1 1/2 teaspoon coarse black pepper
  • 2 tablespoons all purpose flour
  • 1 cup cream or half and half
  • 1/4 cup shredded parmesan cheese
  • salt to taste once finished

INSTRUCTIONS

  1. Preheat a small sauce pot to medium/low heat, melt the butter.  Then add saute the garlic, shallot, salt and pepper and whisk frequently until the garlic starts turning golden brown - about 2 minutes.
  2. Make a light roux by whisking in the flour and continuing to whisk until it smells nutty, about 2-3 minutes.
  3. Slowly add the cream, whisking continuously, until combined into a sauce.
  4. When the sauce begins to slightly simmer, whisk in the parmesan and stir occaisionally until the cheese is melted.
  5. Tasted and add more salt as desired.

Yield: 2-4 Servings

Prep Time: 00 hrs. 5 mins.

Cook time: 00 hrs. 15 mins.

Total time: 20 minutes

Tags: sauce

We weren't planning on cooking yesterday afternoon but when I saw a pair of Certified Angus Beef brand petite fillet at Food City, things changed.

petite Certified Angus Beef fillet and snow crab legs
Food City also had a pack of snow crabs for a low price so on the spur of the moment, we decided to make a mini-turf and surf for the afternoon's NCAA Elite 8 basketball games.

We didn't have a lot of time because the skies were turning dark and Spring storms were popping up. I fired up one of our Big Green Eggs and got to prepping the food. I seasoned the steaks simply with Bourbon Barrel smoked salt and smoked black pepper.  Did the same for the asparagus.

petite fillet and asparagus prepped for grill
As you can see, one fillet was much more petite than the other. One was a heavy 5 ounces while the other barely weighed in at 3 ounces.

While the crab legs heated up in our steamer, I raced against time to grill the steaks. My plan was to grill the smaller one about 3 min per side and the larger one about 4 min per side.

pair of petite fillet cooking on the grill
My set up for the Big Green Egg was a Kick Ash Basket full of Jealous Devil lump charcoal and a pre-heated cast iron grate from Craycort. Notice how the angle of the grates go in 3 directions? Each of those are inserts that you can lift out to add fuel or wood OR you can drop in an accessory insert like a griddle plate or veggie wok.

Steak and asparagus cooking on the Big Green Egg grill
Once the steaks were flipped, I added a bit of asparagus to the heat of the hot coals.

Fillet mignon and asparagus on the grill
Cooking away on the Big Green Egg. This was just before I pulled her smaller fillet off of the grill.


Certified Angus Beef brand fillet from Food City cooking on the grill with asparagus
Remember that plan to let the larger fillet go for a couple of minutes longer? The weather had other ideas about that and I'm fine with a rare fillet so I pulled it early.

Asparagus and steak fresh from the grill
Asparagus is one of my favorite veggies to pair with steaks because prep is literally a snap and they cook quickly.


Surf and turf for the games! My filet was rare due to the cooking time being cut short but like I said, I was fine with that. 

Every bite was delicious! Since we normally opt for ribeye or strip, Alexis couldn't get over how tender the steak was. Not a bad meal for an afternoon when we weren't planning on cooking in the first place.

Steak and Wedges (+Others!)

By: KungFuBBQ

Steak and Wedges (+Others!) I recently got a new grill – The Napoleon Prestige Pro 825. It’s an absolutely massive bit of kit, full of features and should let me cook a bit more often. I have to admit I was a bit overwhelmed with the sheer size of it and having never cooked on […]

The post Steak and Wedges (+Others!) appeared first on KungFuBBQ:.

Smoked Beef Tenderloin

Smoked Beef Tenderloin

Smoked Beef Tenderloin on Pellet Grill

Smoking a beef tenderloin this way gives new meaning to “steak dinner”. When I was thinking about what meal I’d want for Father’s Day this year… I just wasn’t feeling ribeye… But I was feeling a perfectly smoked Beef Tenderloin, cut into filet-sized pieces, and served with some Beefy Smoked Mushrooms. WHAT MALCOM USED IN THIS RECIPE: Print

Smoked Beef Tenderloin


Description

Beef Tenderloin slow smoked on the pellet grill alongside some beefy, smoked mushrooms. Perfect for a different, delicious take on steak night.


Ingredients

  • 1 whole beef tenderloin
  • 2 Tablespoons Worcestershire Sauce
  • 1 Tablespoon Killer Hogs AP seasoning
  • 2 Tablespoons Traeger Saskatchewan Seasoning (or your fave blackened rub)

Beefy Smoked Mushrooms

  • 3 pints sliced mushrooms
  • 1 shallot finely chopped
  • 56 cloves garlic minced
  • 1 cup red wine
  • 1 cup beef broth
  • 1 Tablespoon Kitchen Accomplice Beef Broth Concentrate
  • 1/2 stick butter
  • 2 teaspoons Killer Hogs AP Seasoning
  • Place all ingredients into a smoker-safe dish or a half size aluminum pan. Smoke on pit for 1.5 – 2 hours until mushrooms and garlic are tender.

Instructions

  1. Trim the whole beef tenderloin into center cut portion be sure to remove any sinew or silver skin.
  2. Prepare pellet grill or any other smoker for indirect smoking at 250 degrees.
  3. Drizzle the outside of the tenderloin with Worcestershire for a binder and season with a layer of AP seasoning followed by the Saskatchewan seasoning.
  4. Place the tenderloin on the smoker, insert a probe thermometer into the center of the roast and smoke until internal temperature reaches 120 degrees.
  5. Remove the tenderloin from the pit and cover loosely in foil and rest for 20-30 minutes.
  6. Slice the tenderloin into desired thickness and serve.

Keywords: smoked beef tenderloin, beef tenderloin, beef tenderloin recipe, pellet grill, Beef tenderloin on a pellet grill, pellet smoker, smoked beef tenderloin steaks, steak recipes, beef tenderloin steak, tenderloin steak

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Smoked Porterhouse Steak with Bacon Tallow Butter

Smoked Porterhouse Steak with Bacon Tallow Butter

Smoked Porterhouse Steak with Bacon Tallow Butter

Porterhouse Steak smoked on a Drum Smoker and topped with Bacon Tallow Butter – A steak like this can make anyone happy… WHAT MALCOM USED IN THIS RECIPE: Print
Smoked Porterhouse Steak

Smoked Porterhouse Steak with Bacon Tallow Butter


Description

Porterhouse Steak smoked and topped with Bacon Tallow Butter


Ingredients


Instructions

  1. Prepare drum smoker for indirect cooking at 275°F using lump charcoal for fuel.
  2. Drizzle each side of the porter house steaks with olive oil to lightly coat and season with a layer of Prime Beef rub followed by the Steak Rub. Allow the steaks to rest at room temperature for 20 minutes.
  3. Place the steaks on the smoker and insert a probe thermometer into the center of one steak to monitor internal temp.
  4. Smoke the steaks until the internal temperature reaches about 118° flipping half way through for even cooking.
  5. Take half of the bacon tallow/drippings and mix with 1/2 stick of melted butter. Season with a dash or two of Prime Beef and Steak Rub. Rest in the refrigerate until ready to use.
  6. Remove the lid from the drum and baste each steak with the bacon drippings. Flip the steaks and continue cooking (with the lid off to sear the steaks) until the internal temperature reaches about 125-128°F.
  7. Remove the steaks from the grill, top each with a big dollop of the bacon tallow butter and rest for 7-10 minutes before serving.

Malcom Reed
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The post Smoked Porterhouse Steak with Bacon Tallow Butter appeared first on HowToBBBQRight.

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