El Salvador accepts $940 million debt buyback offer

On October 12, El Salvador's President Nayib Bukele announced in a post on Platform X that the country had accepted debt buyback offers totaling approximately $940 million.

This follows the El Salvador government's proposed offer to buy back sovereign bonds maturing between 2027 and 2052 at a price slightly above market price or close to par value.

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