According to Odaily Planet Daily, Salvadoran President Nayib Bukele announced on the X platform that the country has accepted a debt repurchase offer totaling approximately US$940 million.

Previously, the Salvadoran government proposed to repurchase sovereign bonds maturing between 2027 and 2052 at a price slightly higher than the market price or close to the face value.

Analysts believe that El Salvador's debt buyback could have a positive impact on the price of Bitcoin, enhancing the country's ability to support Bitcoin investment and positioning itself as a stronger advocate of cryptocurrency.