College student Hunter Kahn said he's using some of the money he made off the recent surge in GameStop stock to buy video games for the Children’s Minnesota Hospital in Minneapolis.
The medical engineering student at Cornell University made $30,000 off of GameStop stocks during last week's Reddit-fueled rally and used $2,000 to buy game consoles and games for children in the hospital, he told CNN.
“As a beneficiary of the recent events on Wall Street I think it is important that myself and others pay forward our good fortune,” Khan said in an Instagram post. “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.”
He bought six Nintendo Switch Lites, some games, e-shop gift cards, screen protectors and cases.
"There's no group of people more deserving of receiving a bunch of video games than some kids going through a hard time," Kahn said CNN.
He was a part of the group of Reddit users who bought up stock in GameStop and other companies that had been heavily shorted by investors.
Kahn, who still has 50 of his original shares in the stock, told CNN he made the investments to prove “the big boys on Wall Street” wrong.
The hospital Kahn donated to said the children are already using the games they received.
"We're so grateful for this generous donation that will help bring joy to kids at our hospitals, especially during these challenging times," Jennifer Soderholm, president of the Children's Minnesota Foundation, told CNN. "It's inspiring to see young people in our community choosing to give back and pay it forward."
Kahn said the rest of the money he made will go toward paying off his college tuition.