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GameStop Corp. (NYSE:<\/a>GME<\/a>) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen.<\/a><\/p>\n YouTuber RJCmedia exposed a trade-in loophole involving the newly released Nintendo Switch 2 that allowed customers to essentially print store credit.<\/p>\n The exploit was remarkably simple: a customer would purchase a new Nintendo Switch 2 for $414.99. By immediately trading the console back in alongside the purchase of a cheap pre-owned game, a promotional multiplier was triggered.<\/p>\n The errant promotion increased the trade-in value of the console to $472.50, netting the user roughly $57 in profit per cycle.<\/p>\n Don’t Miss:<\/p>\n GameStop quickly issued a statement <\/a>on X confirming the glitch was real, but has since been patched.<\/p>\n \u201cOur system briefly valued the pre-owned trade more than the new retail cost\u2026 we gently remind everyone that our stores are not designed to function as infinite money printers,” the company said.<\/p>\n GAMESTOP ISSUES STATEMENT ON INFINITE MONEY GLITCH<\/p>\n GameStop is aware of the “GameStop Infinite Money Glitch,” exposed by YouTuber RJCmedia. <\/p>\n By purchasing a Nintendo Switch 2 for $414.99 and then immediately trading it back in along with the purchase of a pre-owned game, a\u2026 pic.twitter.com\/F2D2v41IeQ<\/a><\/p>\n While retail hackers were busy farming store credit, GameStop CEO Ryan Cohen was busy buying shares<\/a>.<\/p>\n SEC filings revealed that Cohen purchased 1 million shares of GME this week\u2014500,000 on Tuesday and another 500,000 on Wednesday\u2014at an average price of roughly $21.40.<\/p>\n See Also: This Real Estate Fund Pays 10x More Than the Average Savings Account \u2013 Invest From Just $100<\/a><\/p>\n Cohen’s latest $21 million personal investment in GameStop brings his total stake<\/a> to approximately 9.3% (42.1 million shares).<\/p>\n The move has electrified investor sentiment, sending the stock up 10% for the week.<\/p>\n Thursday also marks exactly one year since Keith Gill, better known as \u201cRoaring Kitty,\u201d last posted on social media. The anniversary is fueling nostalgia-driven chatter on social media Thursday.<\/p>\n Between the viral nature of the trade-in money glitch, Cohen\u2019s high-conviction buying and speculation around Roaring Kitty, GameStop is proving yet again that it remains the king of the meme stock world.<\/p>\n