A Whale Spends 820,000 USDC on 6.98 Million NYC Tokens in Four Hours

A single investor, or 'whale,' spent 820,000 USDC to purchase 6.98 million tokens in the American Strategic Investment Co (NYC) within the past four hours ().

The transaction highlights growing activity in the tokenized real estate market, as investors explore alternative assets through digital representation. The NYC ticker is linked to a New York-based real estate investment trust.

Simultaneously, stablecoin transactions hit a record $33 trillion in 2025, with USDC leading at $18.3 trillion.

Why Did This Happen?

The recent purchase of NYC tokens appears to align with broader trends in real estate tokenization. American Strategic Investment Co (NYC) reported a Q3 2025 revenue of $12.3M and a GAAP net gain of $35.8M.

The company's strategic focus on asset disposal, including properties like 1140 Avenue of the Americas, reflects an effort to reduce liabilities and improve financial flexibility.

Tokenization allows investors to trade smaller fractions of real estate assets more easily. This trend has been growing as blockchain infrastructure matures.

How Did Markets React?

The stock price for American Strategic Investment Co (NYC) rose 3% in the wake of Q3 earnings, with analysts suggesting it may be undervalued compared to fair value estimates.

There was no immediate price reaction to the whale's purchase of NYC tokens. However, increased token trading volume could signal renewed investor interest in the real estate sector.

Stablecoin adoption continues to expand, with USDC seeing widespread use in decentralized finance and institutional applications.

What Are Analysts Watching Next?

Analysts are monitoring whether the NYC token will see continued demand from institutional investors. The company plans to use proceeds from property sales to retire debt and reinvest in higher-yielding assets.

Transaction volumes in stablecoins surged 72% in 2025, with DeFi platforms relying heavily on USDC for liquidity.

Regulatory clarity from the Genius Act and increased institutional adoption could further accelerate tokenized real estate investment in 2026.

Investors are also watching developments in New York's crypto ecosystem, where former Mayor Eric Adams launched the NYC Token to support education and antisemitism initiatives.