Keith Gill, a stock trader known for the GameStop short squeeze in 2021, is on his way to becoming a billionaire as GME shares continue to surge. Gill revealed on June 2 that he had started trading GameStop stock again, with $180 million to play with.
The trader posted a $115.7 million position in GameStop shares and $65.7 million in call options on his Reddit account. The trader’s revelation of another position on GameStop shook the stock market again, causing an uptick in the GameStop stock price.
Robinhood’s overnight markets saw GameStop jump by 19% 20 minutes after the post, closing with shares up 38.8% in 2024 so far. GameStop’s price currently sits at $46.55, a 118% gain since Gill shared his position. Global capital markets analysts at The Kobeissi Letter believe that Gill is “set to be a billionaire” as GameStop stock catapulted to $67.50 per share in after-hours trading. Read more at CoinTelegraph and CoinDesk.
