Panama City’s mayor stirred up speak this week when he hinted at constructing a city‑level Bitcoin fund. It all began with a single line on social media.
Mayer Mizrachi wrote “Bitcoin Reserve” on X on May 16. He’d simply met with Max Keiser and Stacy Herbert, two of the massive names behind El Salvador’s Bitcoin strikes.
Meeting Sparks Curious Talk
According to native sources, Mizrachi sat down with Keiser and Herbert to go over the nuts and bolts of Bitcoin coverage. The mayor was tight‑lipped about particulars.
But the timing was notable. He shared that submit simply earlier than heading to the Bitcoin 2025 convention in Las Vegas. It appeared like a heads‑up that one thing extra might be coming.
Bitcoin Reserve 🚀
— Mayer Mizrachi (@Mayer) May 16, 2025
Legal Hurdles Ahead
Based on stories, creating a proper Bitcoin reserve would want a vote in Panama’s National Assembly. Lawmakers must write and approve a invoice first. That course of can drag on.
Committees should examine the thought. There’d be debates, amendments and finances checks. Only then might the town maintain any stash of Bitcoin on its books.
Panama City to introduce El Salvador’s “What is Money” monetary literacy schoolbooks to their new digital libraries.
A regional Central American bitcoin block is rising!
🇸🇻🤝🇵🇦 pic.twitter.com/7Ra2RvDdsG
— Stacy Herbert 🇸🇻🚀 (@stacyherbert) May 15, 2025
Energy Plans Discussed
Energy was additionally on the desk. Keiser identified Panama’s hydroelectric potential and El Salvador’s geothermal crops. He prompt that inexperienced power might energy Bitcoin mining rigs.
It’s a neat concept: use low cost, clear energy to run the computer systems that preserve the Bitcoin community ticking. But permits and grid upgrades could be wanted. Companies and regulators must log out.
Crypto Payments On The Horizon
Mizrachi has already stated Panama City will settle for Bitcoin, Ether, Tether and USDC as soon as the funds system is prepared. That means constructing the crypto‑to‑fiat rails. Banks or fintech companions should deal with the trade.
And safe wallets could be wanted to retailer any cash the town takes in. No launch date’s been set. But the plan is on the agenda.
Source: Strategy
Companies Bulk Up Holdings
It’s not simply governments eyeing Bitcoin. Public companies are piling in, too. Michael Saylor’s Strategy Corp. simply stated it will increase $84 billion to purchase extra Bitcoin. That contains promoting one other $21 billion in inventory.
They’ve additionally lifted their debt restrict from $21 billion to $42 billion, with $14.6 billion nonetheless open. On the opposite facet of the globe, Metaplanet added 1,240 BTC—about 18.50 billion yen, or roughly $127 million. That brings its whole to six,797 BTC, now value simply over $706 million.
Based on stories, publicly listed companies elevated their Bitcoin stash by 15% in Q1. It reveals that many see Bitcoin as a core holding—not only a facet guess.
Featured picture from Unsplash, chart from TradingView
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