I don't know if this is "legal" or not but what's stopping broke ass companies from doing the following plan

- Announce #BTC treasury by diluting existing shareholders & selling stock

- Claim publicly that "we have bought X/Y/Z #BTC at whatever price"

- Privately sell it all back to the market again cashing in #USD

- Only announce it in the next mandatory financial disclosures period.

Company dilluated existed shareholders, got new BTC believer shareholder, manage to sell existing stock for USD (using #BTC as an intermediate)