Don't think anything else, it will be a bigger risk for the company, LTC and also BCH are old coins too but they are not worthy of being strategic reserve funds (in my opinion), in fact it will increase the big risk if a company buys altcoin as an alternative to their reserve funds, in my opinion it is better to do a DCA strategy on buying Bitcoin, sometimes you have to focus on long-term accumulation not on how much you can buy, and we need to remember that only a few companies and governments have adopted Bitcoin as their reserve funds, this has an opportunity for small companies to enter early before the price is much more expensive (that is if you think long term).

Sure you can put your time, energy and/or value anywhere that you like, even into inferior investments, products, assets, currencies, and sure sometimes, you might have temporary overperformance of inferior assets, yet it seems that within the dynamics outlined by Gresham's law, value is going to continue to gravitate towards the superior assets (bitcoin in this case).

There also likely continue to be roles for various inferior assets, including like you suggest, some of them could have utility value, yet many of us recognize/appreciate that bitcoin is the best of monies, and surely currently there are assets in which monetary value is held such as in real estate, art, stocks, etc, yet bitcoin is a better money, to the extent that some of those assets might be merely be serviing as places to store monetary value...