- Keith Gill, or “Roaring Kitty,” confirmed the GameStop whale via Reddit.
- Gill holds a position in GameStop stock worth $200 million.
- Gill’s GME holding is $9.3 million in profit, as per the Reddit post.
GameStop shares, the American video game and gaming merchandise retailer, jumped 25.62% in the past five days and are up 2.34% after market today, priced at $22.91, defying investors’ expectations of the meme stock’s demise.
A post on X (formerly Twitter) by ‘unusual whales’ revealed that Keith Gill, also known as “Roaring Kitty” and “DeepFuckingValue,” confirmed that he was the GME whale tracked by the crypto community.
Gill’s GameStop holdings are valued at over $200 million. The Reddit post marks his first post since April 2021. A screenshot reveals that Gill acquired 5 million GME shares for $115.7 million and invested $65.7 million in call options, betting that GME’s price would reach at least $20 per share by June 21.
The screenshot also shows Gill has a $9.3 million profit on his GME holdings, offset by a $2.5 million loss on his call options. An X user suggested Gill “bought a lot of GME stock when it was being heavily shorted, and large investors were expecting it to fail,” adding:
“But it didn’t and those short investors are screwed and he’s a multi-millionaire on paper at least.”
GameStop (GME) is often linked to the 2021 meme coin rally, with Gill frequently credited for the stock’s 1000% rally during the COVID-19 era.
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