meme stocks game station Amid speculation that Keith Gill is rising again, the man who inspired 2021’s epic short squeeze may now have a huge position in the video game retailer.
Gill, who goes by DeepF on Reddit and Roaring Kitty on YouTube and .
The Reddit crowd’s favorite trader held 5 million shares of GameStop stock, worth $115.7 million, as of Friday’s closing price, according to a snapshot of the account posted on Reddit’s r/SuperStonk forum. The account also shows that GameStop holds 120,000 call options with a $20 strike price expiring on June 21, with each purchase price being about $5.68. GameStop shares closed at $23.14 on Friday.
This post has not been independently verified by CNBC. Notably, he did not post on the infamous WallStreetBets chat room, where he posted all trading updates at the height of GameStop mania more than three years ago. Although the username is the same as the username used.
Around the same time on Sunday night, Gill posted a cryptic image of a reverse card in the game “Uno,” which quickly racked up nearly 30,000 likes.
GameStop’s stock price rose more than 19% Sunday night on Robinhood’s 24-hour exchange, which allows continuous trading on some stocks. The stock could rise sharply when premarket trading begins at 4 a.m. Monday.
Gill returned to social media for the first time three weeks ago, sparking a jaw-dropping rally in GameStop that has seen the stock more than double in May alone. At the time, he just posted a photo of a man leaning forward in a chair, but it was enough to trigger a buying frenzy among amateur traders.
GameStop took advantage of May’s rally to raise more than $900 million in stock sales.
The investor is a former marketer for Massachusetts Mutual Life Insurance Company. In 2021, Gill encouraged a group of retail traders to squeeze out GameStop short-selling hedge funds through YouTube videos and Reddit posts.
The operation became so frenzied at one point that brokerages including Robinhood had to restrict trading in the stock as it exhausted clearinghouse margins. The frenzy also sparked a series of congressional hearings, led by Gill, surrounding broker practices and gamifying retail trading.
GameStop is still struggling to shift from physical game purchases to online gaming, and investors are pinning their hopes on Chief Executive Ryan Cohen to finally reinvent the company.
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