The GameStop (GME) stock price surged over 19% in overnight trading after Keith Gill, known as \u201cRoaring Kitty,\u201d announced on Reddit that he holds $181.4 million in GME stock and call options.<\/p>\n\n\n\n
Gill’s Significant Position<\/p>\n\n\n\n
Keith Gill, a key figure in the 2021 GME short squeeze, reappeared on Reddit’s \u201cDeepFuckingValue\u201d account on June 2 for the first time since April 2021. He shared a screenshot showing he purchased 5 million GME shares worth $115.7 million and invested $65.7 million in call options, betting that GME would be at least $20 a share by June 21.<\/p>\n\n\n\n
Impact on Stock Price<\/p>\n\n\n\n
Gill’s screenshot indicated a gain of over $9.3 million on his GME holdings, with a nearly $2.5 million loss on his call options. Following his post, GME saw a 19.19% jump in 20 minutes during Robinhood\u2019s overnight markets, reaching $27.58.<\/p>\n\n\n\n
Recent Stock Performance<\/p>\n\n\n\n
GameStop closed at $23.14 on May 31, with shares up 38.8% in 2024, seemingly boosted by Gill\u2019s return. The GME stock saw a spike in mid-May after Gill began posting on X.<\/p>\n\n\n\n
Gill\u2019s Social Media Activity<\/p>\n\n\n\n
In addition to his Reddit activity, Gill posted a green Uno reverse card on X, continuing a series of cryptic posts and memes since his return in May.<\/p>\n\n\n\n
Historical Context<\/p>\n\n\n\n
Gill played a central role in the GameStop saga during the COVID-19 pandemic, where Reddit traders significantly boosted the stock price, disrupting hedge funds shorting the company. The GameStop short squeeze also contributed to the rise of memecoins like Dogecoin and Shiba Inu.<\/p>\n\n\n\n
Current Reddit Activity<\/p>\n\n\n\n
Gill\u2019s recent post was made on the r\/Superstonk subreddit, which focuses on GME speculation. In contrast, r\/wallstreetbets, formerly tied to the GameStop short squeeze, has shifted away from GME content. On April 16, Gill posted on r\/wallstreetbets that he owned 20,000 GME shares at a buy price of $55.17 each, with a gain of $19.9 million at that time.<\/p>","protected":false},"excerpt":{"rendered":"
The GameStop (GME) stock price surged over 19% in overnight trading after Keith Gill, known as \u201cRoaring Kitty,\u201d announced on Reddit that he holds $181.4 million in GME stock and call options.<\/p>","protected":false},"author":1,"featured_media":5090,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[50,44],"class_list":["post-5089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=5089"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5089\/revisions"}],"predecessor-version":[{"id":5091,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/5089\/revisions\/5091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/5090"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=5089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=5089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=5089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}