Stock trader Keith Gill, famously known for his role in the GameStop (GME) short squeeze, has increased his investment in GME. Gill, known online as “Roaring Kitty” and “DeepFuckingValue,” announced on June 13 that he purchased an additional 4 million shares of GME.
This acquisition brings his total holdings to over 9 million shares, valued at approximately $262 million at the close of that day.
Gill also closed his GME call options that were set to expire next week.
As Gill’s shares surpassed the 9-million mark, community members began speculating that he might be preparing to join the GameStop board of directors.
Citing a GameStop filing, a stock trader noted that Gill’s newly acquired shares make him the fourth-largest shareholder of GME.
This trader believes the stock’s momentum might propel GME’s price to $200. Another trader predicts that if Roaring Kitty joins the board, it could significantly increase the stock price.
Jacob Slade, founder of Mt. Zion Market Ventures, pointed out that Gill now holds the same number of shares as GameStop CEO Ryan Cohen when he joined the company.
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Additionally, a post on Gill’s official X account featuring a meme from the sitcom The Office added to the speculation.
Slade also claimed that GameStop included an Easter egg on its website referencing Roaring Kitty.
He speculated that GameStop’s annual meeting was moved to June 17, which coincides with National Take Your Cat to Work Day, potentially hinting at Gill’s involvement with the company.
On June 2, GME prices surged as Gill revealed a $180-million position in the stock.
On his Reddit, Gill disclosed a $115.7-million position in GME shares and $65.7 million in call options.
This revelation caused an immediate market reaction, with Robinhood seeing GME jump by 19% just 20 minutes after Gill posted the update.
As the prices rose, community members speculated that Gill’s shares could eventually be worth $1 billion if the prices opened at their after-hours trading rates of $67.50 on June 7.
However, the prices did not reach that level. Currently, GME is trading at $29 per share.
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