Roaring Kitty Buys Additional 4 Million GME Shares, Sparking Board Membership Speculation

Roaring Kitty Buys Additional 4 Million GME Shares, Sparking Board Membership Speculation

Stock trader Keith Gill, widely known for his role in the GameStop (GME) short squeeze, has once again made headlines by purchasing more shares of GME. Gill, who is recognized online as “Roaring Kitty” and “DeepFuckingValue,” announced on June 13 that he had acquired an additional 4 million shares of GME. This latest purchase brings his total holdings to over 9 million shares, valued at approximately $262 million based on the stock’s closing price that day.

In addition to increasing his share count, Gill has also closed his GME call options that were set to expire next week.

Speculation on Joining the GameStop Board

With Gill’s shares now surpassing the 9-million mark, there is growing speculation within the community that he may be positioning himself to join GameStop’s board of directors. Citing a recent GameStop filing, one stock trader noted that Gill’s newly acquired shares make him the fourth-largest shareholder of GME. This trader believes that the stock’s current momentum could drive its price to $200. Meanwhile, another trader predicts that Roaring Kitty’s potential board membership would lead to a significant increase in the stock price.

Jacob Slade, the founder of Mt. Zion Market Ventures, highlighted that Gill now holds the same number of shares that GameStop CEO Ryan Cohen disclosed when he joined the company. A meme from the sitcom “The Office,” posted on Gill’s official X account, further fueled these speculations.

Slade also pointed out that GameStop added an Easter egg on its website, hinting at Roaring Kitty. He speculated that the company’s decision to move its annual meeting to June 17, which coincides with National Take Your Cat to Work Day, might be a subtle nod to onboarding Gill.

Roaring Kitty’s Resurgence in GME

On June 2, GME’s stock price surged following Gill’s reveal of a $180-million position in the company. On his Reddit account, Gill disclosed a $115.7-million position in GME shares and $65.7 million in call options. This announcement shook the market, resulting in a notable uptick in the stock’s price. According to Robinhood, GME’s price jumped by 19% just 20 minutes after Gill’s post.

As the stock rallied, community members speculated that Gill’s shares could eventually be worth $1 billion if the prices opened at their after-hours trading rates of $67.50 on June 7. However, the prices did not reach this level. Currently, GME is trading at $29 per share.