Part IV · The Capital Structure · Chapter 5 of 14
The Preferred Stock Stack
STRK, STRF, STRD, STRE, STRC, seniority, liquidation preference, and why multiple instruments unlock multiple investor bases.
Where this sits
The Capital Structure
Measure in Sats builds its argument the way geometry builds proofs: simple primitives first, then each layer cites the ones before it. This chapter is part of Part IV — The Capital Structure. The full chapter is in the book; the chapter preview shows how all fourteen fit together, and the optionality layer and public explorer show the framework applied to live filing data.
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