At the Tokyo run meeting, I met several VCs or entrepreneurs thinking about Japanese stocks, doing micro-strategies for $ETH and $SOL . Besides following the trend, there are also factors such as positioning, independent markets, and optimism about regulatory windows.
However, the most important factor is still the threshold for being included in mainstream indexes, which is much lower than that of US stocks.
If it can be incorporated into the index soon, with sustained buying, the company can issue more shares at any time, thus achieving true infinite bullets.