Part IV · The Capital Structure · Chapter 6 of 14
Stretch (STRC)
The variable dividend mechanism, VWAP triggers, the $100 price target, and why the rate can move down as well as up.
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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