El Salvador's president, Nayib Bukele, announced on the X platform that the country has accepted a debt buyback offer totaling about $940 million. It is reported that the government of El Salvador has proposed to buy back sovereign bonds maturing from 2027 to 2052 at a price slightly above the market price or close to par. The analysis believes that El Salvador's debt buyback can have a positive impact on the price of bitcoin, strengthen the country's ability to support bitcoin investment, and position itself as a stronger advocate of cryptocurrencies.