MINNEAPOLIS — The recent GameStop stock buying spree has helped a children’s hospital in Minneapolis in a big way.
Hunter Kahn, a Cornell University student, cashed in $30,000-worth of GameStop stock last week.
But instead of pocketing all of the cash, he used some of it to bring smiles to children who are sick.
The 20-year-old used the money that he made from the video game retailer’s stock to buy, what else but video games for Children’s Minnesota Hospital, CNN reported.
In all, Kahn purchased six Nintendo Switch consoles, games to go with them, Nintendo eShop cards and cases for the machines. In all it cost about $2,000, the hospital told CNN.
“I love video games. I know it would be terrible being a kid in a hospital with like no joy helping them through,” Kahn told WCCO.
He got into the GameStop speculation scheme that was instigated by traders on Reddit. He said he did it to prove “the big boys on Wall Street” wrong, CNN reported.
“As a beneficiary of the recent events on Wall Street, I think it is important that myself and others pay forward our good fortune. These events have highlighted a lot of corruption and with this transfer of power it is important that we don’t become the men in suits ourselves,” Kahn wrote on Instagram.
Kahn kept his original 50 shares of GameStop stock that he paid $30 for. He said he also plans on using the rest of his windfall to pay off his college tuition, CNN reported.
After he’s done with his engineering degree, Kahn said he wants to build spaceships for Elon Musk, WCCO reported.
Cox Media Group
