A 20-year-old man from the United States of America bought gaming consoles for children at a hospital after making $30,000 from GameStop shares.
The 20-year-old university student reportedly cashed out 30,000 USD from his GameStop shares.
He used some of that money to buy multiple game consoles for a childreqqn’s hospital.
Hunter Kahn, a Mechanical Engineering student, was among a number of investors and Reddit users who put their money into GameStop recently.
Kahn bought numerous shares at $30 in an effort to prove wrong that the big boys on the Wall Street had predicted that the share prices were about the drop.
Wall Street and Hedge Funds ended up losing millions of dollars as a result.
The stocked jumped by a massive 1,625 percent over the last month and on January 27, 2021, Kahn cashed out $30,000.
Kahn, who is from Stillwater, Minnesota, spent over $2,000 to buy six Nintendo Switch Lites, two Nintendo Switches, multiple games, e-shop gift cards, screen protectors and cases.
He donated all to a children’s hospital.
During an interview with CNN, the man said that kids deserve them because of the situation that they are in.
Talking about his donation on Instagram, he said:
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 men in suits ourselves. I am proud to announce my humble donation of 6 Nintendo Switches and games to go with them to the Children’s Minnesota Hospital. Cant Stop. Won’t Stop.
Jennifer Soderholm, the president of Children’s Minnesota Foundation, said that it was inspiring to see young people giving back to the community.
During an interview with CNN, Jennifer said:
We’re so grateful for this generous donation that will help bring joy to kids at our hospitals, especially during these challenging times.
Kahn currently attends the Cornell University.
He is telling investors who profited from the shares recently to pay forward their good fortune.
Kahn said he will be using the rest of the money that he got to pay off his university fees and save the rest of the money.
What a good person Kahn is!