GameStop Plugs 'Infinite Money Glitch', Stock Starts Printing Cash

GameStop Corp. (NYSE:GME) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen. 

• GME stock is climbing. See the chart and price action here. 

Infinite Money Glitch

YouTuber RJCmedia exposed a trade-in loophole involving the newly released Nintendo Switch 2 that allowed customers to essentially print store credit.

The exploit was remarkably simple: a customer would purchase a new Nintendo Switch 2 for $414.99. By immediately trading the console back in alongside the purchase of a cheap pre-owned game, a promotional multiplier was triggered. 

The errant promotion increased the trade-in value of the console to $472.50, netting the user roughly $57 in profit per cycle.

GameStop quickly issued a statement on X confirming the glitch was real, but has since been patched. 

“Our system briefly valued the pre-owned trade more than the new retail cost… we gently remind everyone that our stores are not designed to function as infinite money printers," the company said. 

Cohen Doubles Down

While retail hackers were busy farming store credit, GameStop CEO Ryan Cohen was busy buying shares. 

SEC filings revealed that Cohen purchased 1 million shares of GME this week—500,000 on Tuesday and another 500,000 on Wednesday—at an average price of roughly $21.40.

Cohen's latest $21 million personal investment in GameStop brings his total stake to approximately 9.3% (42.1 million shares). 

The move has electrified investor sentiment, sending the stock up 10% for the week. 

Will The Kitty Roar Again? 

Thursday also marks exactly one year since Keith Gill, better known as “Roaring Kitty,” last posted on social media. The anniversary is fueling nostalgia-driven chatter on social media Thursday.

Between the viral nature of the trade-in money glitch, Cohen’s high-conviction buying and speculation around Roaring Kitty, GameStop is proving yet again that it remains the king of the meme stock world.

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