
TFTC: A Bitcoin Podcast #736: Bitcoin Treasury for Business with Scott Marmoll
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Apr 18, 2026 Scott Marmoll, founder of Capital B Advisory and investment banker helping business owners with M&A and Bitcoin treasury strategy. He outlines why private companies might hold Bitcoin, how corporate stacking mirrors personal DCA, governance and allocation choices, exit pathways including PE deals, and how AI-driven efficiency can free cash for Bitcoin accumulation.
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Bitcoin Treasury Improves Corporate Balance Sheet
- Accumulating Bitcoin on a private company's balance sheet augments equity value by preserving purchasing power lost to fiat inflation.
- Scott Marmoll notes $10M working capital can lose ~20% purchasing power in a year, making cash a costly holding for businesses.
Lead With The Problem Not The Solution
- Start treasury conversations by framing the problem of cash erosion to shareholders or boards, not by promoting Bitcoin first.
- Marty Bent and Scott recommend using inflation/ purchasing-power examples to get non-Bitcoiners aligned before proposing a plan.
Use A Structured DCA For Large Corporate Buys
- Use a deliberate accumulation plan (DCA or staged purchases) when deploying large corporate cash to Bitcoin to reduce timing risk.
- Scott recommends sizing into allocations over months (e.g., 6–12 months) and aligning with cash conversion cycles.

