Alternative Investing Report - June 25, 2026

*as of 6/24; Sources: S&P, BTC, FTSE, DJRE, GOLD

The crypto market slid significantly in the past week, after the Iran peace deal had pushed prices up. Total market cap dropped nearly 10% and Bitcoin fell below $60,000 before a brief recovery at the end of the day. Bitcoin is now down 20% over the past month and is at similar price levels to where it was in November 2021. The total crypto market cap is down 50% from its peak and is at its lowest level since September 2024. Bitcoin treasury company Strategy (NASDAQ: MSTR) has seen its stock price crater, dropping below $100 for the first time since March 2024.

➨ TAKEAWAY: Strategy’s stock price is down 76% over the past year, and its losses have been steeper than Bitcoin’s, indicating that investors find it safer to hold the token than the treasury company’s stock. Its preferred stock (NASDAQ: STRC), which pays out high dividends and is meant to stay at $100 per share, has fallen to $80 per share. With Bitcoin 20% below the company’s average purchase price, and less people willing to fund future purchases, there is concern that the company will be unable to make dividend payments without selling any of its Bitcoin. A collapse of Strategy would put tremendous selling pressure on Bitcoin and could be catastrophic for its price.

Vincent's Slava Rubin is joined by Sacra's Jan-Erik Asplund to explore the rapidly evolving field of quantum computing, its current state, future potential, and investment opportunities. They share insights on private and public market options, technological milestones, and what to expect by 2030.

🎨 Big London sales: Sotheby’s held two major modern art sales in London yesterday, with its Lewis collection fetching $390 million, exceeding expectations and setting a record for the most valuable single-owner art auction in European history. The Modern & Contemporary art auction brought in $128 million, and in total it was the biggest single night ever for a European action. The biggest sales were a Modigliani painting that sold for $63.5 million and a Monet water lilies painting that brought in $54 million.

🚀 Bending Spoons IPO: The Italian company that owns Vimeo and AOL among others is seeking to raise $1.62 billion at a $19 billion valuation when it goes public, likely early next week. The company was last valued at $11 billion late last year, and was profitable in Q1.

🏢 Multifamily momentum: Austin, San Jose, and San Francisco are the leaders in multifamily market momentum according to a new report from CoStar and Apartments.com. The report looked at apartment market fundamentals, such as vacancy rates, rent growth, and supply/demand balance.

🤖 Menlo Ventures new fund: Following its highly successful bet on AI startup Anthropic, the VC firm has raised $3 billion across two new funds that will focus on AI startups from early seed rounds to later growth stages.

🏡 New home sales fall: U.S. new home sales dropped 7.3% in May and are now down 6.8% year-over-year, as buyer demand has dried up. As a consequence, supply has reached its highest level in nearly a year, leaving the new home market squarely in buyer’s market territory.

💵 Another fund caps withdrawals: The private credit exodus is continuing, as investors in Morgan Stanley’s $7 billion private credit fund requested to withdraw 11.6% of its shares in Q2. This led the bank to enforce its 5% cap on withdrawals, becoming the latest major firm to limit redemptions.

If you live in New York City and want a free apartment cleaning, you may be in luck. The German AI startup MicroAGI is offering free professional cleanings in exchange for allowing the cleaner to wear a video camera documenting the process. The company is selling the footage to AI and robotics companies to train what could be the next generation of robots. MicroAGI is also offering workers across industries $20/hour to record their workdays or even just their home routines. So if you’re not worried about the potential privacy concerns, download the company’s Shift App and sign up for the waitlist.