Cream butter in small bowl using a fork or electric mixer.
Gradually blend in other butter ingredients. Butter mixture can be used while still soft; or it can be rolled into a cylinder in parchment paper or plastic wrap and refrigerated or frozen, then sliced into thin rounds.
Flavored butter can be stored a couple days in the refrigerator or it can be frozen for several weeks.
Season steaks with salt and pepper and place on pre-heated grill. Cook until desired doneness. Place 1 Tablespoon of bacon chive butter on each steak and serve.