The accepted answer only runs one line of the batch file at a time. This will interrupt any advanced logic in the batch file. But, if you use a temporary file you can do this in a one-liner:
cat < blank.txt:exe.bat > temp.bat & temp.bat
You can also execute a PowerShell script in an alternate data stream via a similar command: (Though I am sure there is a pure PowerShell way too.)
cat < blank.txt:exe.ps1 > temp.ps1 & powershell .\temp.ps1
Example
Create batch in the alternate data stream: notepad blank.txt:exe.bat
if 6==7 then goto pie
echo apple
goto end
:pie
echo pie
:end
Broken:
E:\broken>for /f "usebackq delims=φ" %i in (blank.txt:exe.bat) do %i
E:\broken>if 6==7 then goto pie
'if' is not recognized as an internal or external command,
operable program or batch file.
E:\broken>echo apple
apple
E:\broken>goto end
E:\broken>
The filename, directory name, or volume label syntax is incorrect.
E:\broken>echo pie
pie
E:\broken>
The filename, directory name, or volume label syntax is incorrect.
Better:
E:\better>cat < blank.txt:exe.bat > temp.bat & temp.bat
E:\better>if 6 == 7 then goto pie
E:\better>echo apple
apple
E:\better>goto end