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The proceeds from this debt offering will primarily be used to pay off $500 million in existing debt and to acquire additional Bitcoin. Currently, MicroStrategy holds 244,800 BTC, and this new funding is part of its broader strategy to increase its cryptocurrency investments


El Salvador became the first country to adopt Bitcoin as legal tender, a move championed by President Nayib Bukele. The intention behind this decision was to enhance the economy, particularly by reducing transaction costs for Salvadorans living abroad . However, the implementation of this policy has faced significant challenges, including economic instability and a decline in Bitcoin's value.