From CNBC: 2024-06-13 18:21:37

Keith Gill, also known as Roaring Kitty, increased his ownership in GameStop’s common stock to over 9 million shares, with a portfolio holding over $6 million in cash. He has been actively disclosing his positions in the meme stock frenzy of 2024.

Trading volume spiked in GameStop call options with a strike price of $20 and an expiration date of June 21, the same ones Gill owned. Speculation arose that Gill may have started offloading his positions, as holding all the calls to expiration would require $240 million.

The total value of Gill’s portfolio, including cash, reached over $268 million as shares surged more than 14% Thursday. GameStop’s shareholder meeting was disrupted by computer issues due to overwhelming interest. The company recently raised over $2 billion in an equity sale to capitalize on the meme rally.

Read more: Roaring Kitty’s GameStop stake grows to 9 million shares