Close Menu
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • NFT
  • DeFi
  • Blockchain
  • Technology
  • Cryptocurrency
  • All Posts

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Yemenis Embrace DeFi as Sanctions Disrupt Traditional Banking: Report

Apr. 18, 2025

Non-KYC Exchange eXch to Shut Down Following Investigation into Alleged Connections with Lazarus Group

Apr. 18, 2025

Ethereum Transaction Fees Plummet to a 5-Year Low of Just $0.17 Per Transfer: Is Widespread Adoption on the Horizon?

Apr. 17, 2025
Facebook X (Twitter) Instagram
CeDiFi LoopCeDiFi Loop
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • NFT
  • DeFi
  • Blockchain
  • Technology
  • Cryptocurrency
  • All Posts
Facebook X (Twitter) Instagram Pinterest Vimeo
Subscribe
CeDiFi LoopCeDiFi Loop
Home » Roaring Kitty ignites conspiracy theory by purchasing additional 4 million GME shares
Blockchain

Roaring Kitty ignites conspiracy theory by purchasing additional 4 million GME shares

By adminJun. 14, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Roaring Kitty ignites conspiracy theory by purchasing additional 4 million GME shares
Roaring Kitty ignites conspiracy theory by purchasing additional 4 million GME shares
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Roaring Kitty Sparks Speculation with Addition of 4M More GME Shares
Keith Gill, also known as Roaring Kitty, has fueled speculation by increasing his GameStop (GME) holdings to over 9 million shares, adding an additional 4 million shares to his portfolio.
On June 13th, Gill, who goes by the online aliases of “Roaring Kitty” and “DeepFu**ingValue,” announced his purchase of 4 million shares of GME, valued at $262 million. This brings his total shares to over 9 million, with a total value of approximately $262 million at the close of trading that day. He also decided to close his GME call options set to expire the following week.
Community members have started speculating that Roaring Kitty may be gearing up to join the board of directors at GameStop, as his share count surpasses 9 million. A stock trader, referencing a GameStop filing, believes that Gill has become the fourth-largest shareholder of GME with his recent acquisitions. This trader anticipates that the stock’s momentum could drive GME’s price to $200.
Jacob Slade, the founder of Mt. Zion Market Ventures, supported this theory by noting that Gill now holds the same number of shares that GameStop CEO Ryan Cohen disclosed upon joining the company. Slade also highlighted subtle hints from both sides that suggest the theory could be true. Notably, a meme from the sitcom The Office posted on Gill’s official Twitter account further fueled the speculation. Slade also pointed out an Easter egg on GameStop’s website that references Roaring Kitty. The timing of GameStop’s annual meeting on June 17, coinciding with National Take Your Cat to Work Day, led Slade to believe that GameStop may be welcoming Gill on board.
Roaring Kitty’s investment decisions have had a significant impact on the stock market and cryptocurrency space. On June 2, GME prices surged when Gill disclosed a $180 million position in the stock. His revelation of a $115.7 million position in GME shares and $65.7 million in call options on Reddit caused a spike in the stock’s price, with GME jumping 19% just 20 minutes after the update.
Community members speculated that Gill’s shares could potentially be valued at $1 billion if prices reached their after-hours trading rate of $67.50 on June 7, but the prices did not reach that level. Currently, GME is priced at $30 per share.
Gill’s influence also extended to the cryptocurrency space, with memecoins experiencing significant growth upon his return. Coins like GME saw gains of over 100% due to moves by Roaring Kitty, along with other prominent memecoins in the market.
Despite the recent news, Roaring Kitty’s live stream had a less dramatic impact. GameStop shares surged nearly 50% after Gill announced the stream, but dropped by almost 40% following the news of a $3 billion share sale during the stream, closing at $28.22 after a volatile trading session.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Non-KYC Exchange eXch to Shut Down Following Investigation into Alleged Connections with Lazarus Group

Apr. 18, 2025

VanEck’s NODE ETF Launches on May 14—A 30-Stock Cryptocurrency Infrastructure Investment with a Cayman Tax Advantage

Apr. 17, 2025

Market Turmoil and Tariff Pressures are Deterring New Cryptocurrency Investors, According to Novogratz

Apr. 17, 2025
Leave A Reply Cancel Reply

Top Posts

Consensys Seeks Extension for IRS Crypto Reporting Regulations

Jan. 1, 2023

Elon Musk’s OpenAI Troll Ignites Enthusiasm and Speculation within Crypto Community

Mar. 7, 2024

Restoration of Old Devices in Emerging Markets through Aphone, a Virtual Smartphone App on Solana

Mar. 8, 2024

Elon Musk to Make AI Chatbot Grok Open-Source Amid Ongoing OpenAI Lawsuit

Mar. 11, 2024
Don't Miss
DeFi

Yemenis Embrace DeFi as Sanctions Disrupt Traditional Banking: Report

Apr. 18, 2025

Yemenis Turn to DeFi as Sanctions Cut Off Traditional Banking: Report As financial sanctions and…

Non-KYC Exchange eXch to Shut Down Following Investigation into Alleged Connections with Lazarus Group

Apr. 18, 2025

Ethereum Transaction Fees Plummet to a 5-Year Low of Just $0.17 Per Transfer: Is Widespread Adoption on the Horizon?

Apr. 17, 2025

Over $120 Million Transferred to Solana in 30 Days, with $41.5 Million from Ethereum Leading the Contribution

Apr. 17, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Website Introduction
Website Introduction

CeDiFi Loop is your gateway to the world of blockchain and Web3. We provide authoritative, in-depth coverage of cryptocurrency news and analysis, helping you understand the transformation and development of the digital asset world.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Yemenis Embrace DeFi as Sanctions Disrupt Traditional Banking: Report

Apr. 18, 2025

Non-KYC Exchange eXch to Shut Down Following Investigation into Alleged Connections with Lazarus Group

Apr. 18, 2025

Ethereum Transaction Fees Plummet to a 5-Year Low of Just $0.17 Per Transfer: Is Widespread Adoption on the Horizon?

Apr. 17, 2025
Most Popular

Consensys Seeks Extension for IRS Crypto Reporting Regulations

Jan. 1, 2023

Elon Musk’s OpenAI Troll Ignites Enthusiasm and Speculation within Crypto Community

Mar. 7, 2024

Restoration of Old Devices in Emerging Markets through Aphone, a Virtual Smartphone App on Solana

Mar. 8, 2024
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • NFT
  • DeFi
  • Blockchain
  • Technology
  • Cryptocurrency
  • All Posts
© 2025 CeDiFi Loop All rights reserved.

Type above and press Enter to search. Press Esc to cancel.