Are there still market makers hiring? The over-the-counter (OTC) business is surprisingly profitable. Galaxy Digital just released its financial report, revealing the wealth secrets behind the OTC platform that these giant whales are using.

In July, OTC and derivatives revenue hit a new high, with a second-quarter gross profit of 55.4 million dollars. Meanwhile, management hinted that the upcoming third quarter is expected to exceed 200 million dollars in revenue solely from OTC business.

Currently, the company holds 1.27 billion dollars in positions of cryptocurrencies like BTC and ETH, more than 60% of which are BTC, bringing the company floating income.

Such a good financial report should have led to a strong performance of Galaxy's stock, but the company immediately submitted a disclosure that existing shareholders' internal shares will be significantly unlocked and converted into circulating shares.

Well, good news has run its course, and the old brother leaves first.