Ron Paul quietly brought his presidential campaign to a close Monday, announcing in an e-mail to supporters that he will not devote any cash towards the party’s eleven remaining primaries.

“Moving forward … we will no longer spend resources campaigning in primaries in states that have not yet voted. Doing so with any hope of success would take many tens of millions of dollars we simply do not have,” the Texas congressman said in a statement.

The campaign, however, plans to continue its “fruitful delegate-attainment strategy” in states that have already held their primaries. “Our campaign will continue to work in the state convention process. We will continue to take leadership positions, win delegates, and carry a strong message to the Republican National Convention that Liberty is the way of the future,” Paul said.

Michael Finnegan of Los Angeles Times noted that while Paul had only netted 104 of the 1,144 delegates he would need to snag the GOP nomination, he had raised $36 million in support of his bid, more than any other candidate aside from Obama and Romney.

At the Washington Post‘s the Fix, Rachel Weiner reported that while Paul’s campaign had recently tightened its belt, they were airing ads in Texas and Rhode Island “as recently as three weeks ago.” In the last month, Paul has made two appearances in Austin, at a campaign rally at the University of Texas and at a Tea Party event at the state capitol with son Rand.

And at VF Daily, Juli Weiner was not sure how this announcement changes anything:  “To review: Ron Paul actively recognizes he has no chance of winning the nomination and will continue to campaign to make a point. This news is less ‘news,’ per se, and more ‘stasis.'”

Quips about Paul’s departure from the race abounded on the Internet:

The Onion offered a different version of Paul’s statement: “But don’t you fret, America. If you ever feel like your government is getting too big or too intrusive, just give a little whistle, and there I’ll be. I’ll be there quicker’n you can spit.”

The Huffington Post offered up a jokey pie chart on why Paul is really ending his campaign, which includes the reasons “realized that Ian McKellan impersonator gigs pay much better,” “putting rest of money into making a good film adaptation of Atlas Shrugged,” and “realized the president works for the government. Deal breaker.”