Michael Burry, the prominent hedge fund manager famous for predicting the subprime mortgage crisis, initially identified GameStop as an deeply undervalued asset and established a substantial stake through Scion Asset Management. He famously wrote letters to the company's board of directors criticizing executive compensation and urging massive share buybacks when the stock traded at single-digit dollar values. Although his early accumulation laid the foundational groundwork that drew attention to the stock's massive short interest, he completely exited his position months before the legendary retail-driven short squeeze skyrocketed prices.