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According to TechCrunch, decentralized social network Bluesky announced the completion of a $100 million Series B financing round (led by Bain Capital Crypto, actually completed in April 2025 but previously undisclosed), with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation. The valuation was not disclosed. This announcement came after CEO Jay Graber announced his resignation and transition to Chief Innovation Officer. The company plans to bring in a new CEO to drive commercialization.