GameStop

Roaring Kitty

Kitty

Stock trader Keith Gill, famous for his involvement in the GameStop (GME) short squeeze, has bought more shares of GME.&nbsp;
Gill, known online as “Roaring Kitty” and “DeepFuckingValue,” <a href="https://www.reddit.com/r/Superstonk/comments/1df8jno/gme_yolo_update_june_13_2024/" target="_blank" rel="noopener nofollow">posted</a> on June 13 that he bought another 4 million shares of GME. This brings the trader’s total shares to over 9 million, worth about $262 million when GME closed that day. 
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 GME update posted on the DeepFuckingValue Reddit account. Source: Keith Gill
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The trader also closed his GME call options set to expire next week. 
<h2 id="community-thinks-roaring-kitty-might-join-the-gme-board">Community thinks Roaring Kitty might join the GME board</h2>
As Gill’s shares breached the 9-million mark, community members started to speculate that the stock trader may be preparing to join the gaming company as a member of its board of directors. 
Citing a GameStop filing, a stock trader <a href="https://x.com/MrMikeInvesting/status/1801368230940053659" target="_blank" rel="noopener nofollow">believes</a> that the newly accumulated shares make Gill the fourth-largest shareholder of GME. The trader thinks the stock’s momentum might bring GME’s price to $200. Meanwhile, another trader <a href="https://x.com/EdwardAlerts/status/1800703807531503922" target="_blank" rel="noopener nofollow">predicts</a>&nbsp;that Roaring Kitty will join the board, which would lead to a substantial price increase.
Related: <a href="https://cointelegraph.com/news/citron-exits-gme-short-market-irrationality">Citron no longer short on GME, cites ‘market’s irrationality’</a>
Jacob Slade, founder of Mt. Zion Market Ventures, <a href="https://x.com/SuperRobotOTC/status/1801430259566305293" target="_blank" rel="noopener nofollow">said</a> that Gill currently holds the same number of shares that GameStop CEO Ryan Cohen disclosed when he joined the company. Furthermore, a post on Gill’s official X account of a meme from the sitcom The Office further fueled the conspiracy. 
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 <img src="https://s3.cointelegraph.com/uploads/2024-06/a9375778-5065-4159-9ad0-076c171b06b3.jpg" alt="" title="">
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 Source: <a href="https://x.com/TheRoaringKitty/status/1800698343540015491" target="_blank" rel="noopener nofollow">Roaring Kitty</a>
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Slade also claims that GameStop added an Easter egg to its website, referencing Roaring Kitty. The executive also speculated that GameStop’s annual meeting was moved to June 17 because it was National Take Your Cat to Work Day. The executive believes that this may be a reference to GameStop onboarding Gill. 
<h2 id="roaring-kitty-s-gme-resurgence">Roaring Kitty’s GME resurgence</h2>
On June 2, GME prices rallied as Gill <a href="https://cointelegraph.com/news/gamestop-gme-memestock-surges-keith-gill-roaring-kitty-discloses-shares">revealed a $180-million position</a> in the stock. On his Reddit, Gill unveiled a $115.7-million position in GME shares and $65.7 million in call options. The new revelation shook the market, causing an upward tick in the stock’s price. Robinhood saw GME jump by 19% just 20 minutes after Gill posted the update. 
As the prices rallied, community members speculated that Gill’s shares <a href="https://cointelegraph.com/news/gamestop-rally-roaring-kitty-billionaire-status">might eventually be worth $1 billion</a> if the prices open at their after-hours trading rates of $67.50 on June 7. However, the prices did not reach that price point. Currently, GME <a href="https://www.tradingview.com/chart/?symbol=NYSE%3AGME" target="_blank" rel="noopener nofollow">sits</a> at $29 a share. 
Magazine: <a href="https://cointelegraph.com/magazine/roaring-kittys-shares-1b-gme-rally-btc-open-interest-soars-hodlers-digest-june-2-8/">Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2–8</a>

Roaring Kitty buys another 4M GME stocks, birthing conspiracy theory

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