TechFlame reports that Strategy (formerly MicroStrategy) founder Michael Saylor diluted the company's stock by another $755.2 million just two weeks after promising not to dilute common shareholders. On July 31, 2025, Saylor and her executives assured shareholders at Strategy's second-quarter earnings conference that the company would not dilute shares to buy Bitcoin (BTC) when the MSTR's net asset multiples (mNaV) were between 1x and 2.5x, unless to pay interest or dividends.