Roaring Kitty the GameStop Short Squeeze Catalyst Set to Livestream GME Surge Expected to Catapult Him into Millionaire Status
Roaring Kitty, who led the epic GameStop short squeeze event, has been quiet for three years. However, he has recently been posting on X and Reddit, and yesterday he announced that he will be live streaming on YouTube. While the content of the live stream was not revealed, the price of GME stock surged in anticipation. GME spiked 47.5% yesterday, followed by another nearly 32% after hours, closing at $61.27.
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Roaring Kitty to go live at midnight on 6/8
Will Roaring Kitty become a billionaire?
Keith Gill amidst controversy
Roaring Kitty (real name Keith Gill) announced that he will be live streaming on YouTube at midnight on 6/8 Taiwan time. The content of the live stream was not disclosed, but there were already nearly 12,000 people waiting in the live stream room, engaging in lively discussions in the chat.
According to a screenshot posted by Keith Gill on Reddit (account name DeepFuckingValue), which appears to show his holdings, he owns 5 million shares of GameStop stock at a price of $21.27 per share; 120,000 call options with a strike price of $20 and an expiration date of June 21, at a cost of approximately $5.68 per option. His book value has exceeded $586 million, with an increase of 219% to date.
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Estimated that if GME rises above $65, Keith Gill will become a billionaire in just one month!
In 2021, Keith Gill released several videos on YouTube analyzing GameStop, attracting a group of retail investors who, using the emerging brokerage Robinhood with zero trading fees at the time, bought shares and call options of GameStop. This caused significant losses for hedge funds heavily shorting GameStop, and Netflix is even turning this epic event into a documentary called “The Wall Street Bets: GameStop Legend.”
This meme stock frenzy also sparked a series of congressional hearings, including Keith Gill’s testimony regarding broker practices and gamified retail stock trading. He also faced several lawsuits, one of which accuses him of pretending to be a novice trader despite being a licensed professional.
According to The Wall Street Journal, Morgan Stanley’s global financial crimes department and external legal advisors have begun discussions on whether Gill’s stock account should be canceled.
However, BitMEX co-founder Arthur Hayes has jumped on the bandwagon, publicly inviting Roaring Kitty to join Token2049 in Singapore in September this year and engage in a fireside chat on stage.
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