No, Bitcoinz was acquired last Fall, not years ago. If you owned millions of dollars worth of bitcoin in November would you just hand them over to a company that acquired you for free?! Maybe they were mined 2 years ago, but whenever Bitcoinz was acquired Bayside would have had to pay fair value for all the assets that came into their fold. What was bitcoin going for in November? $250 per coin. So that's $25 million Bayside would have needed to "own" those assets. They simply didn't have that. Bayside, at that point, had 30 years of failed businesses and an oil PR scam from last summer..
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