If GameStop opens at its current after-hours price, Roaring Kitty’s holdings would be worth around $1 billion.
Keith Gill, the stock trader famous for the GameStop short squeeze in 2021, is on track to become a billionaire as GameStop (GME) shares continue to soar.
Gill, known online as “Roaring Kitty” and “DeepFuckingValue,” announced on June 2 that he had resumed trading GameStop stock, with $180 million in hand.
Gill disclosed a $115.7 million investment in GameStop shares and an additional $65.7 million in call options on his Reddit account.
This revelation caused a stir in the stock market, leading to a rise in GameStop’s stock price. On Robinhood’s overnight markets, GameStop jumped 19% within 20 minutes of the post, with shares up 38.8% so far in 2024.
Roaring Kitty Poised to Become a Billionaire
Analysts at The Kobeissi Letter predict that Gill is “set to be a billionaire” as GameStop stock surged to $67.50 per share in after-hours trading. If the stock opens at this price, Gill’s holdings will be worth around $1 billion.
The analysts also noted that the stock closed 110% higher than on June 6, adding $9.5 billion to its market capitalization in just 12 hours. This brings the company’s valuation to $20 billion, ranking it among the 400 largest public companies in the United States.
Summary Review: Keith Gill, famously known as “Roaring Kitty,” is on the verge of becoming a billionaire thanks to the remarkable surge in GameStop’s stock price. His recent investment announcement has once again shaken the market, driving GME shares higher. Analysts predict that if GameStop opens at its current after-hours price, Gill’s holdings will be valued at around $1 billion. This significant increase in market capitalization not only boosts Gill’s wealth but also solidifies GameStop’s position as one of the top public companies in the United States.
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