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Keith Gill, known online as “Roaring Kitty,” posted on Reddit that he is holding $181.4 million worth of GameStop stock and call options., titled “GME YOLO update – June 2, 2024,” marks his first Reddit activity in three years. Under his account “u/DeepFuckingValue,” Gill disclosed $65.7 million in GameStop call options and $115.7 million in shares.
According to Jason Hitchcock, Head of Ecosystem at web3 development platform thirdweb, Gill’s combined holdings effectively equate to owning 17 million GameStop shares. At the last trading price of $23 per share, this puts the value of his position at approximately $391 million, representing 5.6% of GameStop’s market cap.– Call options give the buyer the right to purchase shares at a set price.
GME is a Solana-based token that uses the same ticker as GameStop but has no official affiliation with the company. Similarly, ROAR and KITTY are themed around Gill’s online persona but are not officially connected to him.
“Good luck RK, crazy f—ing position, but your whole schtick and disappearance really f—ed retail up and it’d be nice if you didn’t leave them on a cliffhanger for the rest of the world to deprogram this time.”What is Notcoin ? The Viral Token Coming to The Open NetworkSign-up FREE to receive our extended weekly market update and coin analysis report
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