Warning: Attempt to read property "post_excerpt" on null in /www/wwwroot/coinpulsehq.com/wp-content/themes/mh-magazine/includes/mh-custom-functions.php on line 392
Warning: Trying to access array offset on false in /www/wwwroot/coinpulsehq.com/wp-content/themes/mh-magazine/includes/mh-custom-functions.php on line 394
Warning: Attempt to read property "post_title" on null in /www/wwwroot/coinpulsehq.com/wp-content/themes/mh-magazine/includes/mh-custom-functions.php on line 394
Share this article
Keith Gill, commonly known as Roaring Kitty, is on track to become a billionaire if GameStop stock (GME) crosses $67.
According to The Kobeissi Letter, GME’s price surged to $67.5 in Thursday’s after-hours trading. Gill’s holdings, including shares and options, are poised to hit the $1 billion mark if GME opens at or surpasses these levels today.
BREAKING: “Roaring Kitty” is set to be a billionaire as GameStop stock, $GME, surges to $67.50/share in after hours trading.
If $GME opens at or above current levels tomorrow, his shares will be worth ~$325 million and options worth ~$700 million for a combined ~$1 billion.… pic.twitter.com/UqnUPoShnv
— The Kobeissi Letter (@KobeissiLetter) June 6, 2024
GameStock closed Thursday’s trading session at around $46.5, a nearly 50% single-day gain. The rally came shortly after Gill said he would start a livestream on YouTube on Friday.
With yesterday’s rally, Gill, associated with the Reddit account DeepF***ingValue, saw his GME shares and call options surge by 119% and 376%, respectively. His portfolio, after Thursday’s market close, stood at approximately $586 million, with $382 million in unrealized profits.
Friday is shaping up to be a wild day with Gill’s upcoming livestream, scheduled for less than five hours (16h UTC). GameStop’s shares jumped over 40% in pre-market trading earlier today, according to Google Finance’s data.
Robinhood CEO: We’re prepared for GameStop frenzy
Robinhood CEO Vlad Tenev said Thursday that the trading exchange is ready for the GameStop frenzy, which is expected to come upon Roaring Kitty’s YouTube livestream.
“We are prepared. We’ve been working on improving the infrastructure tremendously,” Tenev told FOX Business on Thursday. “So much of this activity starts on the weekends or late at night, Sunday evening in this case.”
Meanwhile, E*Trade is weighing banning Gill amid concerns about potential stock manipulation, according to a report from WSJ on Monday.
Keith Gill reappeared on social media last weekend, with a post on X and Reddit. The trader also revealed his purchase of 5 million GME shares for $115.7 million and an investment of $65.7 million in call options. GameStop’s shares jumped 19% shortly after his revelation.
The trader’s return has also sparked a surge in Kitty-themed memecoins and the Solana-based token GME, which has no association with the retail game company.
On Monday, GME surged 300% a few hours after Roaring Kitty returned to X. The memecoin skyrocketed nearly 100% yesterday night following Gill’s livestream announcement.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Be the first to comment