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The Florida Rights Restoration Coalition estimated Bloomberg's fundraising push has already paid off monetary obligations for 32,000 felons, Axios reported.
"The right to vote is fundamental to our democracy and no American should be denied that right," a Bloomberg spokesperson told the news outlet. "Working together with the Florida Rights Restoration Coalition, we are determined to end disenfranchisement and the discrimination that has always driven it."
Florida passed a law in 2018 reinstating voting rights for felons that dictated they could register only if they pay all fines, fees and restitution — sometimes totaling more than $1,000 — owed to the government.
The 11th U.S. Circuit Court of Appeals, which covers Florida, last week ruled to uphold the law.
Last week, several television networks also pledged to donate money to the cause.
Bloomberg, who ran in the Democratic primary for president, has endorsed the party's nominee, Joe Biden, and has donated at least $100 million to the former vice president's campaign to defeat President Trump.
Comment: The Gateway Pundit has reported the Attorney General of Florida has ordered an investigation into Bloomberg for pledging $16 million to help convicted felons vote in the upcoming election.