The bitcoin price slid below $86,000 on Wednesday despite major recent support from Strategy, which has deployed $1.94 billion to buy the cryptocurrency over the past two weeks, more than it spent in the prior three months. The bitcoin-holding company is going full-throttle to avoid a scenario that Chairman Michael Saylor and CEO Phong Le have discussed recently, which could see Strategy's enterprise value fall below the value of its bitcoin holdings. Despite Strategy scooping up more than 20,000 bitcoin in the past two weeks, the bitcoin price hasn't emerged from its slump, failing to rally like gold and silver after last week's Federal Reserve rate cut and relatively dovish outlook.