Now the mystery is revealed.

VDB had been wondering about the Obama campaign’s very deliberate coyness with their Q1 funding numbers. They let Hillary Clinton dominate news coverage with her 26$ million bonanza, and we began to wonder about two possibilities.

We wondered if a) they had somehow missed the 20$ million figure the Obama folks had tacitly allowed to become their bar; or if b) they were sandbagging, letting the Clinton folks hype their numbers, letting expectations build, because they had beaten or tied Clinton.

And it turns out it’s more or less the latter: the New York Times is reporting that Obama raised 25$ million this quarter.

Not too shabby for a newcomer competing against both Clintons, and Terry McAuliffe. Not too shabby at all.

More as details warrant. Much more.