Wednesday, December 3, 2025

Donald Trump Jr. and Eric Trump's American Bitcoin closed down 38.8% on December 2, wiping out ~$1B in market value; TMTG is down nearly 70% in 2025 (George Steer/Financial Times)

George Steer / Financial Times:
Donald Trump Jr. and Eric Trump's American Bitcoin closed down 38.8% on December 2, wiping out ~$1B in market value; TMTG is down nearly 70% in 2025  —  Company's shares plummet as investors cash out at end of lock-up period  —  Shares in a US cryptocurrency miner backed by Donald Trump Jr …



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Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researchers quit via Slack during an all-hands (The Information)

The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...