Washington (CNN) Sen. Cory Booker announced Monday he will stay in the 2020 Democratic presidential race after his campaign met a self-imposed fundraising goal of $1.7 million.

"We blew past it last night. It's been the best sort of period of fundraising we've had for the campaign," Booker told CNN's Alisyn Camerota on "New Day." "We still have until midnight tonight. So we're going to hopefully run through the tape and we hope to actually end this quarter if we can at $2 million raised during this period."

According to a memo from the Booker campaign, they surpassed the fundraising goal by 8:16 p.m. ET on Sunday and had raised $1,783,504.44 by midnight.

Earlier this month, Booker said he would drop out of the race if his campaign could not raise the money to justify it continuing. The Booker team has seen middling fundraising numbers, raising $4.5 million in the second quarter -- a dip from the $5 million he raised during the first three months of the year. Although the New Jersey senator raised enough money to meet his goal and remain in the race, he still has not qualified for the Democratic primary debate that will take place in November.

The Democratic National Committee announced last week that candidates must meet higher polling and donor thresholds to qualify for the party's November debate. The DNC has not yet announced the date for that debate.

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