可以概括为一句话：收入结构在改善，规模效应开始显现，但盈利的拐点尚未到来。
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The largest player in the crypto venture world is back on the fundraising circuit. The blockchain arm of Andreessen Horowitz, also known as a16z crypto, is currently raising its fifth fund, according to multiple sources, who spoke with Fortune on the condition of anonymity to discuss confidential business operations. The firm is targeting around $2 billion, said one of the sources, and plans to close the raise by the end of the first half of 2026.
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