Shares of Listed Companies Holding Virtual Assets Plunge… Tron Down 16%

Companies that had included virtual assets (cryptocurrencies) as financial assets experienced steep intraday declines. This has been viewed as contrary to the S&P 500 and Nasdaq setting intraday record highs.

On the 15th (local time) in the New York market, Tron closed at $3.01, down 16.30% from the previous day.

It was not only Tron. Most virtual-asset-holding companies plunged intraday, including Strategy(-1.10%), SolStrategies(-11.78%), Bitmine Emergen Technologies(-3.59%), Sharplink Gaming(-5.14%), ETHzilla(-7.06%), Upexy(-6.29%), Alt5Sigma(-6.22%). By contrast, Circle and Riot Platforms closed up 6.97% and 4.97%, respectively.

Despite the overall strength in the market that day, these declines were recorded. On the same day in the New York market, the Dow Jones 30 Industrial Average closed at 45,883.45, up 49.23 points (0.11%) from the previous session. The Standard & Poor's (S&P) 500 index was up 30.99 points (0.47%) to 6,615.28, and the Nasdaq Composite Index rose 207.65 points (0.94%) to 22,348.75.

The S&P 500 and Nasdaq indices set record closing highs that day.