El Salvador commemorated the fourth anniversary of Bitcoin’s adoption as legal tender by purchasing 21 BTC, increasing its national treasury to 6,313 BTC worth approximately $701 million. According to government data, the country has invested $300 million in Bitcoin acquisitions, resulting in an unrealized profit of over $400 million. The Bitcoin Office highlighted significant milestones achieved since 2021, including establishing the world’s first Strategic Bitcoin Reserve, launching developer programs, and training 80,000 public servants. However, the International Monetary Fund has raised transparency concerns, suggesting the growing Bitcoin balance may stem from internal asset reorganizations rather than daily purchases as claimed by Salvadoran officials.
about El Salvador Buys 21 BTC on Bitcoin Day, Treasury Hits $701MStacy Herbert
0 posts last weekEl Salvador’s Reforms Boost Bukele’s Bitcoin Ambitions
El Salvador’s legislature passed major constitutional reforms on July 31, allowing indefinite presidential re-election, extending terms to six years, and eliminating runoffs. The changes also move President Nayib Bukele’s current term end from 2029 to 2027, potentially enabling earlier re-election. Supporters argue this brings stability and attracts investment, while critics see it as consolidating power. The reforms have significant implications for El Salvador’s Bitcoin experiment, which became legal tender in 2021. Government officials claim the changes will maintain the country’s economic trajectory, with Bitcoin advisor Max Keiser comparing Bukele’s vision to a ‘startup nation.’ The move continues El Salvador’s unconventional approach to crypto-driven governance under Bukele’s leadership.
about El Salvador's Reforms Boost Bukele's Bitcoin AmbitionsPanama City Mayor Proposes Bitcoin Payments for Canal Priority
At the Bitcoin 2025 conference, Panama City Mayor Mayer Mizrachi suggested that cargo ships could expedite their transit through the Panama Canal by paying tolls in Bitcoin. The proposal, framed as a perk for early adopters, would require approval from the Panama Canal Authority and the national government, given the canal’s first-come, first-served policy. The canal generates around $5 billion annually, handling 5% of global maritime commerce, but Bitcoin’s volatility poses challenges for fee stability. Mizrachi also advocates for broader crypto adoption in Panama City, including tax and permit payments in Bitcoin, Ether, and USDC. While the idea remains a proposal, it highlights growing interest in crypto integration at the city and infrastructure levels.
about Panama City Mayor Proposes Bitcoin Payments for Canal PriorityPanama Mayor Proposes Bitcoin Payments for Canal Priority
Panama City Mayor Mayer Mizrachi proposed that ships could skip the Panama Canal queue by paying in Bitcoin (BTC). The idea was discussed at the Bitcoin 2025 conference, where Mizrachi suggested offering faster passage as an incentive for crypto payments. The panel included El Salvador Bitcoin advocates Max Keiser and Stacy Herbert, moderated by Mike Peterson of Bitcoin Beach. If implemented, this could position Panama as a crypto-friendly hub for global shipping.
about Panama Mayor Proposes Bitcoin Payments for Canal PriorityIMF Urges El Salvador to Halt Bitcoin Accumulation
The International Monetary Fund (IMF) has urged El Salvador to maintain its Bitcoin holdings unchanged and fully exit its involvement in the Chivo wallet by the end of July. This directive is tied to a $1.4 billion loan agreement, with $120 million contingent on meeting policy commitments. However, El Salvador has defied these calls, adding at least eight more BTC recently, bringing its total holdings to nearly 6,190 BTC—worth over $674 million with $200 million in unrealized profits. President Nayib Bukele remains committed to the country’s Bitcoin-first strategy, with the national Bitcoin office emphasizing efforts to build capital markets and attract international investment through crypto adoption.
about IMF Urges El Salvador to Halt Bitcoin AccumulationPanama City Mayor Hints at Bitcoin Reserve After Key Meeting
Panama City Mayor Mayer Mizrachi hinted at establishing a Bitcoin reserve in a mysterious social media post after meeting with El Salvador-based Bitcoin advocates Max Keiser and Stacy Herbert. While details of the discussions remain undisclosed, the timing aligns with the upcoming Bitcoin 2025 conference in Las Vegas, where Mizrachi is slated to speak. The move could signal Panama City’s interest in following El Salvador’s lead in adopting Bitcoin at a governmental level, though no formal plans have been announced yet.
about Panama City Mayor Hints at Bitcoin Reserve After Key MeetingPanama City Mayor Hints at Bitcoin Reserve After Key Meeting
Panama City Mayor Mayer Mizrachi hinted at a possible Bitcoin reserve in a cryptic post after meeting with Max Keiser and Stacy Herbert, architects of El Salvador’s Bitcoin strategy. El Salvador currently holds 6,178 BTC ($644M) in reserves, and Keiser suggested Central America could drive Bitcoin’s future with renewable energy. Panama City has already embraced crypto for municipal payments and plans to integrate Bitcoin-focused financial literacy materials, signaling long-term crypto adoption. Mayor Mizrachi’s upcoming speech at Bitcoin 2025 further underscores the city’s alignment with global crypto leaders.
about Panama City Mayor Hints at Bitcoin Reserve After Key MeetingEl Salvador Partners with NVIDIA to Launch National AI Lab
El Salvador has signed a letter of intent with NVIDIA to develop sovereign AI capabilities, marking a significant step in its technological advancement. The partnership will establish the country’s first national AI lab, focusing on infrastructure, talent development, and AI applications in healthcare, education, and weather prediction. Additionally, El Salvador is rolling out AI education programs and regulatory frameworks to position itself as a leader in AI among emerging economies. The collaboration with NVIDIA underscores the country’s commitment to leveraging AI for societal and economic progress.
about El Salvador Partners with NVIDIA to Launch National AI LabEl Salvador Increases Bitcoin Holdings Despite New IMF Loan Agreement
El Salvador has increased its Bitcoin holdings by acquiring 21 BTC in the past week, including a significant purchase of 11 BTC for $1.1 million on February 3. This brings the country’s total Bitcoin reserves to 6,068 BTC, valued at over $592 million, with an unrealized profit exceeding $168 million. Despite recent regulatory adjustments to comply with a $1.4 billion IMF loan, officials reaffirm the nation’s commitment to expanding its Bitcoin assets.
about El Salvador Increases Bitcoin Holdings Despite New IMF Loan AgreementEl Salvador Accelerates Bitcoin Purchases Amid IMF Deal Adjustments
El Salvador purchased two additional Bitcoin on February 1, bringing its total to 6,055 BTC, valued at over $612 million. Despite recent changes to its legal tender law as part of a $1.4 billion IMF deal, the country continues to accelerate its Bitcoin acquisitions, aiming for broader national adoption. The strategy has garnered attention from crypto firms and analysts, who see it as a potential model for other nations.
about El Salvador Accelerates Bitcoin Purchases Amid IMF Deal AdjustmentsMax Keiser’s Journey as a Bitcoin Advocate and Innovator
Max Keiser, an early Bitcoin advocate and co-founder of the Hollywood Stock Exchange, became a prominent figure in cryptocurrency after investing in Bitcoin in 2011. His influence extended to advising El Salvador’s President Bukele on adopting Bitcoin as legal currency, promoting its transformative potential while critiquing traditional financial systems. Known for his bold predictions and divisive views, Keiser continues to champion Bitcoin, emphasizing its long-term value over conventional assets.
about Max Keiser's Journey as a Bitcoin Advocate and Innovator