🐋 Roaring Kitty: in one day, the investor earned $79 million on GameStop stocks — lessons for cryptocurrency traders

On June 3, GameStop shares rose by 21% and closed at $28 per share. After that, Whale Gill, known as Roaring Kitty, confirmed on the Reddit platform that he still holds 5 million shares of GameStop and 120 thousand call options with a strike price of ( and an expiration date of June 21. This brought him an impressive one-day "paper" profit: $33.6 million from the rise in shares and $54.3 million from option positions. Thus, the total rise in the value of his positions for the day amounted to ) million — a scale comparable to large transactions by "whales" in the cryptocurrency markets.

If by June 21 the price of GameStop shares remains above $20, Gill will be able to exercise his options at the price of $20 per share, allowing him to acquire an additional 12 million shares. As a result, his total stake will be about 17 million shares. According to FactSet, this will make Gill the fourth largest shareholder of GameStop after Vanguard, BlackRock, and RC Ventures. At Monday's closing price of $79 $28$20 , the value of such a stake is estimated at ( million. Such concentration of assets by a single investor resembles situations in the digital asset market, where large holders can significantly influence the liquidity and volatility of the market.

Whale Gill gained notoriety in 2021 after the release of a series of videos that many investors interpreted as a signal to buy GameStop shares. These events led to the famous "short squeeze" ) and a rise in the stock price of more than 1700%. According to publicly available sources, Gill's initial investments were around $476 thousand, while the total value of his positions subsequently increased to more than (million. This situation demonstrates how individual investors can have a significant impact on the market — a phenomenon that is also observed in the world of cryptocurrencies, where the actions of large players often serve as catalysts for significant price fluctuations.