'I'm willing to hold the stock long-term': Michael Burry reveals investment in GameStop
Investor Michael Burry, famous for betting against the U.S. mortgage market before the 2008 financial crisis, said he is buying shares in GameStop, a chain of stores for gamers.
"I own shares of GameStop stock. I've been buying them lately," Burry wrote on his Substack blog.
Burry said he likes the company's management, structure and strategy. "I am willing to hold the stock long term and am excited to see where it goes," the investor wrote.
GameStop shares soared more than 8% in New York trading after his post, hitting their highest since October 2025.
Context
Five years ago, GameStop was the focus of retail traders coordinating on a Reddit forum. In January 2021, they hyped its stock by 2,728%, forcing hedge funds shorting them to close short positions, recording billion-dollar losses. Burry had invested about $15 million in the retailer, but exited just 1.5 months before this "meme rally" began. He recently wrote on his blog that if he had stayed in the position until now, it would now be worth $250 million.
Burry wrote Monday that his investment in GameStop is a value investment, not a bet on speculative growth.
This article was AI-translated and verified by a human editor
