Former Vice President Joe Biden raised a record amount of cash in March as he barreled toward the Democratic presidential nomination despite the lockdown in large parts of the country due to the spread of the CCP Virus.
The Biden campaign raked in $46.7 million in March, of which 70% comes from online fundraising, the Federal Election Commission reported on Monday, April 20.
It was the best fundraising month of the campaign, but Biden still faces a cash disadvantage compared with President Donald Trump’s financial juggernaut, according to Fox News.
The Trump campaign, the Republican National Committee, and its authorized joint-fundraising committees brought in more than $63 million in March, making it the second-best month ever, just after the $86 million raised in February. His re-election team had $244 million in cash on hand as of the beginning of April.
Meanwhile, Biden and the Democratic National Committee (DNC) collectively had about $57 million in cash on hand, after accounting for the DNC’s $5 million in debts.
More than half of the DNC’s $32.7 million March haul came from an $18 million transfer from the campaign of former New York City Mayor Michael Bloomberg, Fox News reported.
Biden was buoyed as he climbed rapidly toward the Democratic nomination in early March after winning a series of states on Super Tuesday and amassing a sizable delegate lead.
Shift in campaigning
When states began delaying primaries due to the CCP Virus from the middle of March, the Biden campaign expanded its remote outreach capabilities as politics shifted online and on television. His campaign spent $461.67 on the Zoom platform last month, more than $2.5 million on direct mail, nearly $240,000 on audiovisual services, and $283,000 on Upland Software Inc., a company specializing in cloud-based collaboration software for businesses reported the Wall Street Journal.
“We’re going to keep innovating and experimenting with new ways of communicating to grow our community of supporters online,” Biden said during a virtual fundraiser this month. “Now, it’s a different way of campaigning, we’ve never had to do it before.”
The presumptive Democratic nominee has also been getting fundraising help from his former primary rivals, including California Sen. Kamala Harris and Massachusetts Sen. Elizabeth Warren.