El Salvador Completes $940 Million Debt Buyback

According to Odaily, El Salvador's President Nayib Bukele announced on the X platform that the country has accepted a debt buyback offer totaling approximately $940 million. Previously, the Salvadoran government proposed to repurchase sovereign bonds maturing between 2027 and 2052 at slightly above market prices or near face value. Analysts believe that this debt buyback could positively impact Bitcoin's price, enhance the country's ability to support Bitcoin investments, and position itself as a stronger advocate for cryptocurrency.