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Panama City Mayor Considers Bitcoin Reserve Amid Growing Crypto Integration
Mayer Mizrachi, the mayor of Panama City, has hinted at the potential creation of a municipal Bitcoin reserve following a meeting with key El Salvador Bitcoin advisors Max Keiser and Stacy Herbert. The announcement comes ahead of Mizrachi’s scheduled appearance at the Bitcoin 2025 conference in Las Vegas.
This move follows the Panama City Council’s April 15 decision to allow residents to pay taxes and fees using Bitcoin, Ethereum, USD Coin, and Tether, underscoring the city’s progressive approach to cryptocurrency adoption.
Globally, governments hold over 463,700 BTC—around 2.3% of the total supply—with El Salvador leading in sovereign Bitcoin accumulation, owning 6,135 BTC through daily purchases.
Mizrachi’s Bitcoin Reserve hint reflects a broader trend of municipal and national crypto integration, positioning Panama City at the forefront of digital asset experimentation in Latin America.