A Minnesota man used some of his newfound GameStop stock fortune for a noble cause.
Hunter Kahn, a Mechanical Engineering student at Cornell University, donated six Nintendo Switches as well as a heap of games — which he purchased at GameStop — to the Children’s Minnesota Hospital in Minneapolis, Minnesota over the weekend.
“I wanted my donations to be GameStop purchases since that is how this all started and there is no better group of people to receive a bunch of Switches than a bunch of kids going through a hard time, the 20-year-old told the Post on Sunday night.
“I know that if I were in their situation, having a Switch to play with would make that hell just a little less miserable,” continued the Minnesota native.
Kahn shared photos on Instagram holding two GameStop bags and kneeling next to his $2,000 donation at the hospital on Saturday.
Kahn told the Post that he joined r/wallstreetbets his senior year of high school since it’s the most reliable source for investing information.
He decided to buy GameStop stock after Citron research tweeted that the people buying at these levels are “suckers” and that they “understand short interest better.”
The young man has liquidated around $30,000 from $200 call options and for now plans to hold his 50 original shares.
Kahn, a big believer in social altruism, believes the “transfer of power would be meaningless” if he behaved like those on Wall Street who he criticizes.
He concluded that using his money for good is the best way to ensure he doesn’t become “a man in a suit.”