Mayer Mizrachi, mayor of Panama City, has seemingly expressed support for creating a city-level Bitcoin reserve

Mayer Mizrachi, mayor of Panama City, has seemingly expressed support for creating a city-level Bitcoin reserve after meeting with two of El Salvador's leading Bitcoin policy officials this week.

Mayor of Panama City Mayer Mizrachi appears to be open to setting up a city-level Bitcoin reserve, an idea that was sparked during a meeting with two of El Salvador’s leading Bitcoin policy officials this week.

After meeting with prominent Bitcoin advocates Max Keiser and Stacy Herbert, Mizrachi briefly posted “Bitcoin Reserve ” on X, formerly Twitter. He did not provide further details about their discussion.

The timing of Mizrachi’s post is interesting, coming just over a week before he is set to speak at the Bitcoin 2025 conference in Las Vegas.

Earlier this year on April 15, the Panama City Council approved a measure that will allow residents to pay taxes, fees, permits, and fines using Bitcoin (BTC), Ethereum (ETH), and stablecoins like USD Coin (USDC) and Tether (USDT).

This move positions Panama City as a key player in cryptocurrency adoption in the region and reflects the increasing presence of blockchain technology in municipal financial frameworks around the world.

According to a recent report by CoinGecko, governments worldwide now collectively hold over 463,700 Bitcoin, which amounts to approximately 2.3% of the cryptocurrency’s total circulating supply. The report was published on April 28.

Furthermore, the report highlights the expansion of El Salvador’s national Bitcoin treasury, which has reached 6,135 BTC. This accumulation is a result of the country’s strategy of consistent daily acquisitions of the cryptocurrency, an effort closely related to the broader integration of Bitcoin into the country’s economic policy.

El Salvador continues to be the only country actively acquiring Bitcoin on a daily basis, incrementally adding to its sovereign reserve. To date, the country has amassed 6,135 BTC.

As more cities and nations delve into the role of digital assets in their financial plans, discussions about sovereign crypto reserves are likely to gain momentum. The potential for Bitcoin to serve as both a hedge against inflation and a tool for economic modernization has piqued interest beyond the crypto community.

From public sector experiments to grassroots advocacy, the integration of blockchain-based assets into municipal and national frameworks signals a shift in how value and policy may converge in the digital age.