Only a few days have passed since Mr. Gill streamed his first YouTube live event in three years.
The stock of the corporation increased by about 23% on Tuesday, and over the previous six months, it has doubled.
Meme stocks are stocks that become popular on websites like Reddit, and they were first introduced thanks to GameStop’s appeal to regular investors during the epidemic.
Stocks that professional investors, including hedge funds, had significantly bet against were generally the ones that gained popularity.
As a result, in extremely volatile trading, the price of some of these shares saw significant rises and falls.
The company claimed in a Tuesday report to the New York Stock Exchange that it had raised $2.137 billion by selling all 75 million shares it had made available to investors.
The company’s share sales have raised almost $3 billion in the last month as its stock market valuation has increased.
Of those, GameStop raised $933,4 million by selling 45 million shares in the previous month.
shares of the business earlier this month following the posting on June 2 by a Reddit account linked to Mr. Gill of a screenshot allegedly belonging to him, showing that he held 5 million GameStop shares, valued at over $100 million.
