GameStop (GME) experienced a significant overnight surge of over 19% after Keith Gill, known as “Roaring Kitty,” revealed his $181.4 million position in GME stock and call options on Reddit.
Gill, a key figure in the 2021 GME short squeeze, posted on his “DeepFuckingValue” account for the first time since April 2021 on June 2.
In his post, Gill shared a screenshot showing he purchased 5 million GME shares for $115.7 million and invested $65.7 million in call options, betting that GME would reach at least $20 per share by June 21.
According to the screenshot, Gill has gained over $9.3 million from his GME holdings but is facing a nearly $2.5 million loss on his call options.
![](https://coinculture.com/au/wp-content/uploads/2024/06/1-1.png)
The screenshot shows Gill’s gained over $9.3 million on his GME holdings and is holding a loss of nearly $2.5 million on his call options.
After the post, GameStop’s stock surged by 19.19% in 20 minutes during Robinhood’s overnight trading, reaching $27.58.
On Friday, May 31, the firm closed at $23.14, with its shares up by 38.8% this year, according to Google Finance.
![](https://coinculture.com/au/wp-content/uploads/2024/06/2-1.png)
Gill also posted a cryptic green UNO reverse card to X, continuing a series of enigmatic posts and memes since his return in May.
During the COVID-19 pandemic, Gill became a central figure in the GameStop saga, where Reddit traders caused the stock price to skyrocket over 1,000% in less than a month, challenging hedge funds that had shorted the struggling game retailer.
The event is also believed to have contributed to the significant rise in meme coins like Dogecoin and Shiba Inu as retail turned its attention elsewhere.