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Mix together butter, blue cheese, lemon juice, and chives until smooth.
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Season the butter to taste with salt and pepper.
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Place the butter on plastic wrap and form into a 3-inch log, tying the ends of the plastic wrap together.
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Place the butter in the fridge for 4 hours to harden.
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Allow the steaks to sit at room temperature for 1 hour.
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Pat the steaks dry with paper towels and season to taste with salt and pepper.
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Insert the fry basket at top position in the Cosori Smart Air Fryer Toaster Oven.
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Select the Preheat function, adjust temperature to 450°F, and press Start/Pause.
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Place the steaks in the fry basket in the preheated oven.
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Select the Broil function, adjust time to 12 minutes, and press Start/Pause.
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Remove when done and allow to rest for 5 minutes.
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Remove the butter from the fridge, unwrap, and slice into ¾-inch pieces.
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Serve the steak with one or two pieces of sliced compound butter.
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