PANews reported on May 17 that according to Cointelegraph, Panama City Mayor Mayer Mizrachi hinted in a post that he would establish a city-level Bitcoin reserve after meeting with two Bitcoin policy leaders in El Salvador. Mizrachi posted the information of "Bitcoin reserve" on the social platform X after meeting with Max Keiser, a Bitcoin consultant in El Salvador, and Stacy Herbert, head of the Bitcoin Office. The three discussed how Panama and El Salvador can use renewable energy to promote the development of Bitcoin mining. In addition, Panama City will incorporate El Salvador's "What is Money?" financial literacy textbook into its online library system.