It is possible for Roaring Kitty to become the first billionaire through their investment in GME.

Keith Gill, also known as “Roaring Kitty,” could become the first GME billionaire this week thanks to the rise of GameStop (GME) stock, causing short sellers to experience significant losses.

Gill, the trader who is commonly known for being the catalyst of the GameStop situation, has currently secured a profit of more than $300 million from his GME investments.

If GameStop’s increase in value continues, it is possible that Gill could join the ranks of billionaires as early as this week, as stated in a June 3 post from The Kobeissi Letter.

“Currently, the individual known as ‘Roaring Kitty’ has gained over $300 million from his investment in $GME. Today alone, the stock has seen an increase of $5 billion in market capitalization. This could potentially make him a billionaire by the end of this week.”

According to Google Finance data, the GME stock saw a 74% increase in price during pre-market trading on Monday.

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The amount of $180 million invested in GME by Roaring Kitty was disclosed.

According to a post on June 2, Gill’s Reddit comment stating that he currently holds approximately $181.4 million in GME stock and call options renewed interest in the stock this week.

Gill’s screenshot revealed that he purchased five million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.

GME stock price is up over 25% in the past five days and over 40.5% during the past month, trading at $23.13 as of 11:45 am UTC.

Short sellers of GameStop (GME) are experiencing significant losses.

Based on a post by S3 Partners on May 30, short sellers of GameStop have suffered significant losses of around $1.4 billion in just one month.

On June 3, the Kobeissi Letter stated on X that Citron Research was the most recent major company to reveal its short position on GME.

“Citron Research recently declared their short position, joining other short sellers. On May 16th, they publicly announced their short of $GME once again. This year, their short on the stock resulted in a loss of over $100 million for Citron.”