P PAPERTHE ACQUISITION LEDGER
ONE THESIS. DIFFERENT WAYS IN.

Your way
into PAPER.

One number. Every route.

Connecting to the chains…
YOUR THESISMake it yours.your numbers, your thesis
$
$0Assumption, not a market price$0.10
THE ROUTES

Choose your paper.

PAPER value / investment = attributable PAPER × your valuation ÷ acquisition spend. Wrappers use the full entry cost; mint routes use net spend after recovered trading proceeds. PSTR is treasury exposure, not a redeemable PAPER claim.

02 / FOLLOW THE MONEY

Inside the treasury.