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. 

 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