
GameStop shares have experienced significant volatility following the return of Keith Gill, known as Roaring Kitty, to social media. After a live stream and subsequent tweets, GameStop's stock initially plunged, dropping 40% on Friday and continuing to fall by up to 16% on Monday. Despite these losses, the stock rebounded on Tuesday, rising 22.8% to end above $30. Roaring Kitty's position in GameStop, which includes 5 million shares and 120,000 call options expiring on June 21, has been heavily impacted. He reported a daily loss of $51 million but remains up 18% overall, with $83 million in unrealized gains. GameStop capitalized on the rally, raising $2.14 billion through a share sale program at an average price of $28.49 per share, bringing its total raised to over $3 billion in the past month. The company now holds over $4 billion in cash and has zero debt. Roaring Kitty's net worth is now estimated at $311 million, surpassing Nancy Pelosi's net worth.





















The $GME GameStop story is incredible. They just diluted shareholders with 75M shares. They now have ZERO debt. $4B in cash. Market cap is $9B, so half the marketcap is cash. The business is still doing about $3.2B per year in revenue. The stock is up 74% YTD. The stock… https://t.co/DpewSp9Bzl
Roaring Kitty has effectively raised >$3.3b for $GME in the last month. That’s over 500x more than GameSpot earned LY. https://t.co/RyPFU4EF3p https://t.co/gwOCBQA8P1
GameStop raised roughly $2.14 billion from a share sale program as it capitalized on a rally after Keith Gill talked up the stock following his return to YouTube. https://t.co/V5GlVYR41Z