Vanguard Gains Indirect Bitcoin Exposure via Metaplanet

Vanguard’s small-cap international ETF has disclosed its first position in Metaplanet. The stake comes from index tracking and does not represent a direct Vanguard bet on Bitcoin. Metaplanet’s enterprise value sits below the market value of its Bitcoin treasury. The company is financing share buybacks with a new zero-coupon convertible bond. Vanguard’s FTSE All-World ex-US Small-Cap ETF (VSS) has disclosed its first position in Metaplanet, holding about 4.5 million shares worth roughly $7.5 million, according to the fund’s holdings data .