The registered independent announced earlier this year that he would be supporting Democratic candidates for the House of Representatives, promising to spend around $80 million.

But that number has already exceeded $80 million and is heading straight toward $100 million, reports Axios. Bloomberg’s contributions have reportedly grown as he believes Democrats chances to take the House increase.

A source told Axios that half of the money will be directed toward female candidates, in the hopes of perpetuating the strengthening blue wave.

“We want to take a Category 3 storm and turn it into a Cat 5,” the source reportedly said. Bloomberg himself explained his spending strategy on women to Axios, saying, “We should have a better balance—I’ve always been in favor of that in business and everything else.”

Bloomberg, who has made clear that he disagrees with Democrats on a number of issues, has hinted at a possible run for president in 2020—as a Democrat.