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RE: Galaxy Digital lost $134 million last quarter, now they are going public
Having a loss for a newly listed public company is pretty normal. It took years for Amazon to make money. In fact, I remember them losing about $1 billion before they actually made money! It takes resources and time for things to play out in spaces that are innovative and disruptive as seen many times before.
Very true. Though usually banks make money pretty quickly. This is because right now most of their capital is tied up in crypto assets themselves. Over time they will branch out into many areas.