GameStop raised over $2 billion from selling 75 million shares in its second stock sale in a month, following a stock rally influenced by Keith Gill, also known as "Roaring Kitty." Roaring Kitty gained fame in 2021 by motivating online investors on Reddit's WallStreetBets to support GameStop, leading to a surge in its stock price and popularizing the term "meme stock" for stocks that gain traction on social media. GameStop has raised over $3 billion from stock sales over the last month as its market value increased due to renewed interest from individual investors. The recent jump in GameStop's stock price in June 2022 came after Roaring Kitty claimed on Reddit to own 5 million shares worth over $100 million.
