The price of GameStop (GME) stock experienced fluctuations in early Friday trading as influential investor Keith Gill, also known as Roaring Kitty or DeepFuckingValue, disclosed that he had nearly doubled his holdings in the company. Gill's announcement late Thursday revealed that he now owns just over 9 million shares, up from his previous 5 million.

Following Gill's disclosure, GameStop's stock initially soared to a high of $30.26 after trading opened. However, it later dipped by 4% to $28.00. This comes as Gill exercised some of his celebrated $20 call options, resulting in a decrease in his cash on hand from $29 million to $6.3 million.

Despite the dip, Gill's GameStop holdings are still valued at approximately $268 million, only slightly changed from the reported $262 million earlier this week. However, this is a significant drop from his $586 million position last week, which followed a steep decline in GME's price.

The timing of Gill's disclosure aligns with GameStop's rescheduled board meeting, which is set to take place later in the day. Speculation has arisen that Gill may be added to the company's board of directors, fueled by social media hype surrounding GameStop. However, it is important to note that this remains pure speculation at this point.

The company had initially postponed its annual meeting due to server issues caused by overwhelming demand from shareholders eager to participate. The meeting, scheduled for Monday, June 17 at 12:30 pm ET, will see shareholders elect five directors for the upcoming year.

Keith Gill, a central figure in the 2021 GameStop short squeeze, has been instrumental in generating interest in the company's future. As the rescheduled board meeting approaches, investors and enthusiasts alike are eagerly awaiting the outcome, which could potentially shape GameStop's trajectory moving forward.

Despite the recent volatility in GameStop's stock price, the company continues to captivate the attention of both Wall Street and Main Street, making it a prominent player in the ongoing financial market narrative.