Can you imagine Mastodon raising 100 MILLION dollars from a crypto VC fund and failing to disclose it... for a full year? No I can't either.

And from their actual press release: "The Atmosphere currently contains about 20 billion public records—the posts, likes, comments and other interactions that bring the ecosystem to life. It's an astonishing collection of what open social infrastructure makes possible."

https://bsky.social/about/blog/03-19-2026-series-b

How I read it: data harvesting at its finest 💁‍♀️

#Bluesky

Bluesky's 2025 $100M Series B Lays Foundation for Open Social Web - Bluesky

In April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we've grown from 13 million to over 43 million global users.

Bluesky
@_elena Mastodon data are open too….
But yeah blue sky has crypto investors it will be monetised for sure

@nickapos @_elena

yeah but there's a difference between someone screenscraping your posts somewhere

and a financially motivated effort by seedy cryptobros *on the inside* linking all sorts of private data

- using your email and birthdate to link to other plutocrat data silos

- ingesting your private messages

- profiling your posting behavior

- feeding it all to AI

etc

@benroyce @_elena Yeah i completely agree