GameStop (GME) stock surged 21% on Monday after user “DeepF***ingValue, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock rally back in 2021 — posted a screenshot on Reddit late Sunday that purported to show they paid nearly $175 million building a position in the video game retailer.
GameStop gained as much as 75% at the market open before paring gains throughout the session. Shares closed at $28 each on Monday.
Gill is also known as Roaring Kitty on X and YouTube. The user posted the screenshot Sunday night on Reddit’s Superstonk subreddit.
The screenshot showed holdings of 5 million GameStop shares purchased at an average price of $21.274, a position worth $115.7 million as of Friday’s closing price of $23.14. GameStop shares traded hands at $38 each in early trading Monday before they were temporarily halted for volatility.
The account…
