Panama Metropolis’s mayor stirred up discuss this week when he hinted at constructing a city‑level Bitcoin fund. It began with a single line on social media.
Mayer Mizrachi wrote “Bitcoin Reserve” on X on Could 16. He’d simply met with Max Keiser and Stacy Herbert, two of the massive names behind El Salvador’s Bitcoin strikes.
Assembly Sparks Curious Speak
In keeping with 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.
However the timing was notable. He shared that put up simply earlier than heading to the Bitcoin 2025 convention in Las Vegas. It appeared like a heads‑up that one thing extra could possibly be coming.
Bitcoin Reserve 🚀
— Mayer Mizrachi (@Mayer) May 16, 2025
Authorized Hurdles Forward
Primarily based on stories, creating a proper Bitcoin reserve would wish a vote in Panama’s Nationwide Meeting. Lawmakers must write and approve a invoice first. That course of can drag on.
Committees should research the thought. There’d be debates, amendments and finances checks. Solely then might town maintain any stash of Bitcoin on its books.
Panama Metropolis to introduce El Salvador’s “What’s Cash” 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
Power Plans Mentioned
Power was additionally on the desk. Keiser identified Panama’s hydroelectric potential and El Salvador’s geothermal vegetation. He recommended 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. However permits and grid upgrades can be wanted. Corporations and regulators must log off.
Crypto Funds On The Horizon
Mizrachi has already stated Panama Metropolis will settle for Bitcoin, Ether, Tether and USDC as soon as the funds system is prepared. Which means constructing the crypto‑to‑fiat rails. Banks or fintech companions should deal with the trade.
And safe wallets can be wanted to retailer any cash town takes in. No launch date’s been set. However the plan is on the agenda.
Supply: Strategy
Corporations 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 features 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 complete to six,797 BTC, now price simply over $706 million.
Primarily based on stories, publicly listed companies elevated their Bitcoin stash by 15% in Q1. It exhibits that many see Bitcoin as a core holding—not only a facet wager.
Featured picture from Unsplash, chart from TradingView
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