El Salvador President Nayib Bukele announced on the X platform that the country has accepted a debt repurchase offer totaling approximately US$940 million. It is reported that the El Salvadoran government previously proposed to repurchase sovereign bonds due between 2027 and 2052 at a price slightly higher than the market price or close to the par value.
Analysts believe that El Salvador's debt repurchase can have a positive impact on the price of Bitcoin, enhance the country's ability to support Bitcoin investment, and position itself as a stronger advocate of cryptocurrency.