If Roaring Kitty Game’s stock goes above $67, she’s about to become a billionaire.
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Keith Gill, commonly known as Roaring Kitty, is on his way to becoming a billionaire if GameStop (GME) crosses $67.
GME shares rose to $67.50 in mid-afternoon trading on Thursday, The Kobeissi Letter reported. Gill's holdings, including stocks and options, are poised to hit the $1 billion mark if GME opens at or exceeds these levels.
BREAKING: “Roaring Kitty” poised to become a billionaire as GME surges to $67.50 in after-hours trading
If $GME opens tomorrow at or above current levels, the shares will be worth ~$325 million and options worth ~$700 million for a total of ~$1 billion.… pic.twitter.com/UqnUPoShnv
— Kobeissi Letter (@KobeissiLetter) June 6, 2024
GameStock closed Thursday's trading session at around $46.5, a 50% gain for the day. The rally came not long after Gill said he would be launching a live stream on YouTube on Friday.
During yesterday's rally, Gill, linked to the Reddit account DeepF***ingValue, saw his GME shares and call options rise 119% and 376%, respectively. His portfolio, after Thursday's market close, stood at about $586 million, with $382 million in undisclosed gains.
It could be a wild day with Gill's live stream scheduled for less than five hours (16:00 UTC) on Friday. Shares of GameStop jumped more than 40% in premarket trading earlier today, according to Google Finance data.
Robinhood CEO: We're ready for GameStop's disappointment
Robinhood CEO Vlad Tenev said Thursday that the transaction is ready for GameStop's upset, which is expected to come on Roaring Kitty's YouTube live stream.
“We're prepared. We've been working to improve the infrastructure significantly,” Tenev told FOX Business on Thursday.
Meanwhile, E*Trade is considering suspending Jill over allegations of stock fraud, according to a report from the WSJ on Monday.
Keith Gill resurfaced on social media this past weekend, posting on X and Reddit. The trader said he bought 5 million GME shares for $115.7 million and bought $65.7 million in call options. Shares of GameStop jumped 19% shortly after the reveal.
The trader's return led to a surge in kitty-themed memecoins and Solana-based token GME, which has nothing to do with the retail company.
On Monday, GME Roaring Kitty surged 300% just hours after returning to X. Following Gill's live stream announcement, memecoin surged nearly 100% last night.
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