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

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.