The interesting thing about BTC (bitcoin treasuries companies) is that they are the perfect play for zombie companies.

Usually its much cheaper to acquire some zombie penny stock than it is to go thru the regulatory hassles of getting listed in the first place.

It could probably even be crowd sourced pretty effectively.

1. Get a hundred people together to put up 0.5BTC each
2. Take a portion of the BTC and use it buy outstanding shares of zombie
3. Once complete, deposit remaining BTC on balance sheet
4. List new shares on market, since NAV exceeds price algos will scoop up new shares.
5. Take funds and buy BTC
6. Repeat