Alternative Investing Report - June 3, 2026

In partnership with

*as of 6/2; Sources: S&P, BTC, FTSE, DJRE, GOLD

Bitcoin dropped more than 6% yesterday, below the $70,000 mark, and is now down 12% in the last seven days and nearly 20% in the past three weeks. One of the catalysts for the downward movement was the news that Bitcoin treasury company Strategy sold some of its holdings for the first time since 2022. Meanwhile, Bitcoin ETFs have seen net outflows for 11 straight days, losing $3.45 billion in capital in that time.

➨ TAKEAWAY: While Strategy only sold 32 BTC out of more than 840,000 total, the move spooked investors who view the sale as a breach of CEO Michael Saylor’s “never-sell” ethos. With Strategy’s stock price falling quickly, and its Bitcoin holdings now more than 10% under their purchase price, the potential failure of the company is an existential threat to BTC. With Bitcoin’s struggles even as the equities market has thrived, risk-seeking investors are fleeing for the greener pastures of AI and it may be awhile before they come back.

Vincent co-founder Slava Rubin and Sacra co-founder Jan-Erik Asplund take an in-depth look at the autonomous driving market, looking at market leader Waymo and emerging startups, as well as existing big tech companies such as Tesla, Amazon, Uber, and Lyft. They cover market history, current dynamics, future predictions, and investment opportunities across the sector.

🏢 Industrial sector strengthening: Vacancy rates in the U.S. are stabilizing and nearly half of major industrial markets are trending towards more favorable conditions for building owners. Net absorption is up 35% year-over-year and leasing demand is growing, which should lead to stronger rent growth the rest of the year.

🚀 Cybersecurity holding steady: VC funding for the cybersecurity sector reached $5 billion in Q1, similar to the previous quarter’s total despite the lowest quarterly deal count since 2018. This was due to larger funding founds for AI-native startups, led by Cyera’s $400 million raise and Cloaked’s $375 million raise.

⚽ Pele World Cup jersey: A jersey worn by the iconic soccer player Pele when he led Brazil to a win in the 1958 World Cup Final is coming to auction next month in conjunction with the upcoming World Cup. It carries an estimated $6 million price tag, which would make it one of the most expensive pieces of soccer memorabilia ever.

💵 Unrealized losses piling up: The average unrealized losses for private credit lenders are now at 2.35% of their net asset value, the highest mark since 2022. This comes as the asset class has faced heightened scrutiny and a exodus of investor capital.

🚀 Impulse Space fundraise: The spacetech startup focused on improving mobility in space raised a $500 million funding round at a valuation of $4.26 billion, a significant jump over its previous valuation. The sector continues to attract capital ahead of SpaceX’s much-anticipated IPO.

📖 Harry Potter record: A pristine first edition paperback copy of the first book in the Harry Potter series, “Harry Potter and the Philosopher's Stone,” sold for nearly $23,000, setting a new record for a first edition paperback. It went for nearly double the pre-auction estimate and is one of only 5,000 copies originally printed.

XLM, the native token of the Stellar network, was one of the top performers in a week that saw most major tokens post double-digit percentage losses. The Stellar network is designed to be fast and ultra-low-cost blockchain network that allows institutions to tokenize real-world assets, and last week it reached a milestone agreement with the Depository Trust & Clearing Corporation (DTCC). The DTCC processes $2.5 quadrillion in securities transactions annually and is planning to connect its securities platform to the Stellar network by the first half of 2027. This sparked significant demand for the token, sending its price up almost 50%, reversing a long downward trend since it hit a recent peak of $0.47 last July. It still has a way to go to get back to those heights or to its all-time high of above $0.65 set way back in 2021, but with the DTCC agreement and MoneyGram launching a stablecoin on its network, Stellar seems poised to be relevant for the long-term.