GameStop Billionaire Ryan Cohen Buys 1 Million Shares for $20 Million. What This Large Purchase Means for GME
Ryan Cohen, GameStop's chairman and largest individual shareholder, purchased 1 million shares of GME on September 10, 2026, for approximately $20.4 million. The transaction represented about 3% of his prior total equity stake in the company.
Why it matters — A large insider purchase by the company's billionaire chairman signals his confidence in the stock and increases his alignment with other GME shareholders.