El Salvador accepts a debt buyback offer totaling approximately 940 million dollars

ChainCatcher news, El Salvador President Nayib Bukele announced on the X platform that the country has accepted a debt buyback offer totaling approximately $940 million.

It is reported that the El Salvador government previously proposed to buy back sovereign bonds maturing from 2027 to 2052 at a price slightly above market value or close to face value.

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