{"id":21851,"date":"2024-06-03T14:00:58","date_gmt":"2024-06-03T11:00:58","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21851"},"modified":"2024-06-03T11:36:21","modified_gmt":"2024-06-03T08:36:21","slug":"gamestop-jumps-19-after-roaring-kittys-181m-gme-investment-post","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/gamestop-jumps-19-after-roaring-kittys-181m-gme-investment-post\/","title":{"rendered":"GameStop Jumps 19% After Roaring Kitty’s $181M GME Investment Post"},"content":{"rendered":"

Following Keith Gill<\/strong>, often known as “Roaring Kitty”<\/strong> posting on Reddit that he owns $181.4 million<\/strong> worth of GME<\/strong> stock and call options, GameStop (GME)<\/strong> jumped over 19% in overnight trading.<\/p>\n

Impact of Roaring Kitty’s Investment Revelation<\/h1>\n

Gill<\/strong>, the trader most often mentioned as a main impact on the 2021 GME short squeeze, posted to Reddit on his “DeepFuckingValue” account on June 2 for the first time since April 2021.<\/p>\n

He posted an image supposedly indicating he bought 5 million GME shares for $115.7<\/strong> million and invested $65.7 million into call options, hoping GME would reach at least $20 a share on June 21.<\/p>\n

Gill’s<\/strong> snapshot reveals he is holding a loss of around $2.5 million on his call options while gaining over $9.3 million on his GME investments.<\/p>\n

After Gill’s Reddit post, Robinhood’s nighttime markets saw GME leap by 19.19% in 20 minutes to $27.58.<\/p>\n

According to Google Finance, GameStop<\/strong> ended Friday, May 31 at $23.14 with shares up 38.8% this year\u2014probably in line with Gill’s comeback.<\/p>\n

Gill also subtly posted a green UNO reverse card on X, adding to a run of obscure postings and memes he has been sharing since his unexpected comeback in May.<\/p>\n

Some have considered Gill as the focal point of the GameStop<\/strong> story during the COVID-19 epidemic, whereby Reddit traders short the failing brick-and-mortar gaming retailer, thereby flipping the table on hedge funds generating money.<\/p>\n

This Might Interest You:\u00a0<\/span>ABA Urges Biden Against SAB 121 Repeal, But Veto Ensues<\/em><\/a><\/p>\n

Their activities ultimately drove the price of GameStop<\/strong> stock up over 1,000% in under a month.<\/p>\n

Others also think the GameStop<\/strong> short squeeze set the stage for a significant price increase in joke currencies like Shiba Inu and Dogecoin once retail redirected its focus elsewhere.<\/p>\n

Gill was known to post on the r\/wallstreetbets subreddit in the past, now well-known for its links to the GameStop short squeeze narrative, but the community has shifted away from GME material with its administrator “zjz” even remarking on June 3 that “this is not a GameStop<\/strong> subreddit.”<\/em><\/p>\n

Gill’s most recent post was on the r\/Superstonk subreddit, apparently a venue for primarily GME speculation.<\/p>\n

Gill held 20,000 GME shares at a buy price of $55.17 a share according to his last post on April 16 on r\/wallstreetbets. He was then making gains of $19.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following Keith Gill, often known as “Roaring Kitty” posting on Reddit that he owns $181.4 million worth of GME stock and call options, GameStop (GME) jumped over 19% in overnight trading. Impact of Roaring Kitty’s Investment Revelation Gill, the trader most often mentioned as a main impact on the 2021 GME short squeeze, posted to<\/p>\n","protected":false},"author":6,"featured_media":21852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,1],"tags":[3618,6098,6117],"class_list":["post-21851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-genel","tag-gamestop","tag-keith-gill","tag-roaring-kitty"],"yoast_head":"\nGameStop Jumps 19% After Roaring Kitty's $181M GME Investment Post - Coin Engineer<\/title>\n<meta name=\"description\" content=\"GameStop surges 19% after Keith Gill, known as "Roaring Kitty," reveals $181.4 million investment in GME stock and call options on Reddit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/gamestop-jumps-19-after-roaring-kittys-181m-gme-investment-post\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameStop Jumps 19% After Roaring Kitty's $181M GME Investment Post - 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