President ObamaBarack Hussein ObamaDems punch back over GOP holdup of Biden SBA nominee Biden congratulates Trudeau for winning third term as Canadian prime minister Republicans have moral and financial reasons to oppose raising the debt ceiling MORE raised $45 million for his reelection bid in February, his campaign announced on Monday.

The fundraising haul brings his total for this election cycle to close to $300 million.

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The campaign reported that roughly a quarter of the February donors, 105,000, were small donors. The campaign also said that 97.7 percent of donations were of $250 or less, making the average donation $59.04. 

The president stepped up his fundraising efforts in February, holding a host of events, and his numbers for the month far surpass the $29 million total the campaign raised in January.

The numbers, however, are somewhat lower than Obama's haul during his first presidential campaign, when he raised $56.78 million in February. 


Obama’s totals overtake those of his likely GOP challengers. In contrast, Mitt Romney raised $11.5 million in February and Rick Santorum raised $9 million.

In a tweet Monday morning, Obama thanked supporters for their contributions.

This story was updated at 7:55 a.m.