(CNN) – GOP presidential hopeful Ron Paul kept his winless campaign afloat in February by spending nearly $300,000 more than he raised in the same month, according to a monthly financial disclosure his campaign filed with the Federal Election Commission on Friday.
Paul’s February spending of $3.54 million outpaced his fund-raising of $3.27 million, and he ended the month with $1.36 million in the bank. His campaign reported carrying no debt.
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His February haul included a $1.7 million “money bomb” which the campaign reported mid-month.
February saw nine Republican contests – more than the four in January – and Paul had no wins, but two second-place finishes. CNN estimates he won 26 delegates in February, and currently has 69, far behind front-runner Mitt Romney, who has 498.
Paul has focused his efforts on caucus states, which to date have given him the majority of his delegates.
In January, the candidate reported raising $4.5 million – the same amount rival Rick Santorum reported that month.
February financial disclosures are not due to the FEC until March 20.