diff --git a/LMLExplore/EValues/BipolarRate/Basic.lean b/LMLExplore/EValues/BipolarRate/Basic.lean
index d0719966..723faafa 100644
--- a/LMLExplore/EValues/BipolarRate/Basic.lean
+++ b/LMLExplore/EValues/BipolarRate/Basic.lean
@@ -42,6 +42,9 @@ else: no domination, convexity or compactness.
   the bipolar rate [RR26, Lemma 3.2].
 * `ProbabilityTheory.maxLogGrowth_le_mul_bipolarRate`:
   `maxLogGrowth Q₁ S₁ n ≤ n * bipolarRate Q₁ S₁` for `n ≠ 0`.
+* `ProbabilityTheory.mul_maxLogGrowth_one_le`: `n * maxLogGrowth Q₁ S₁ 1 ≤ maxLogGrowth Q₁ S₁ n`.
+* `ProbabilityTheory.maxLogGrowth_one_le_bipolarRate`: the growth of one observation is at most
+  the bipolar rate.
 * `ProbabilityTheory.maxLogGrowth_anti`, `ProbabilityTheory.bipolarRate_anti`: both are antitone
   in the null.
 * `ProbabilityTheory.maxLogGrowth_le_mul_klDiv`, `ProbabilityTheory.bipolarRate_le_iInf_klDiv`:
@@ -176,6 +179,23 @@ lemma maxLogGrowth_le_mul_bipolarRate (Q₁ : Measure 𝓧) (S₁ : Set (Measure
     maxLogGrowth Q₁ S₁ n ≤ n * bipolarRate Q₁ S₁ :=
   bipolarRate_le_iff.1 le_rfl n hn
 
+/-- The maximal expected logarithm of an `n`-sample e-variable is at least `n` times that of one
+observation: superadditivity, iterated. -/
+theorem mul_maxLogGrowth_one_le (Q₁ : Measure 𝓧) [IsProbabilityMeasure Q₁]
+    (hS₁ : ∀ P ∈ S₁, IsFiniteMeasure P) (n : ℕ) :
+    n * maxLogGrowth Q₁ S₁ 1 ≤ maxLogGrowth Q₁ S₁ n := by
+  cases n with
+  | zero => simpa using maxLogGrowth_nonneg Q₁ S₁ 0
+  | succ q =>
+    simpa [EReal.nsmul_eq_mul] using
+      EReal.nsmul_le_of_superadditive (maxLogGrowth_add_le Q₁ hS₁) 1 q
+
+/-- The maximal expected logarithm of a one-observation e-variable is at most the bipolar
+rate. -/
+theorem maxLogGrowth_one_le_bipolarRate (Q₁ : Measure 𝓧) (S₁ : Set (Measure 𝓧)) :
+    maxLogGrowth Q₁ S₁ 1 ≤ bipolarRate Q₁ S₁ := by
+  simpa using maxLogGrowth_div_le_bipolarRate Q₁ S₁ one_ne_zero
+
 /-- The bipolar rate is nonnegative. -/
 lemma bipolarRate_nonneg (Q₁ : Measure 𝓧) (S₁ : Set (Measure 𝓧)) : 0 ≤ bipolarRate Q₁ S₁ :=
   (EReal.div_nonneg (maxLogGrowth_nonneg _ _ _) (by positivity)).trans
diff --git a/LMLExplore/EValues/BipolarRate/SingleLetter.lean b/LMLExplore/EValues/BipolarRate/SingleLetter.lean
new file mode 100644
index 00000000..3bf2c1d6
--- /dev/null
+++ b/LMLExplore/EValues/BipolarRate/SingleLetter.lean
@@ -0,0 +1,96 @@
+/-
+Copyright (c) 2026 LMLExplore contributors. All rights reserved.
+Released under Apache 2.0 license as described in the file LICENSE.
+Authors: LMLExplore contributors
+-/
+module
+
+public import LMLExplore.EValues.BipolarRate.Basic
+
+/-!
+# When one observation attains the smallest relative entropy
+
+For a probability measure `Q₁` and a null `S₁` of probability measures on a measurable space,
+the maximal expected logarithm `maxLogGrowth Q₁ S₁ n` of an `n`-sample e-variable is at least `n`
+times that of one observation, by superadditivity, and at most `n` times the smallest relative
+entropy from `Q₁` to the null. If one observation already attains the smallest relative entropy,
+that is, if `⨅ P ∈ S₁, klDiv Q₁ P ≤ maxLogGrowth Q₁ S₁ 1`, the three quantities agree: for every
+`n ≠ 0`, `n` observations are worth exactly `n` times one, and the bipolar rate is the smallest
+relative entropy [EVR26, Note 11, Theorem 9]. No semicontinuity, convexity or compactness of the
+null is assumed. The weaker hypothesis `bipolarRate Q₁ S₁ ≤ maxLogGrowth Q₁ S₁ 1` already gives
+`bipolarRate Q₁ S₁ = maxLogGrowth Q₁ S₁ 1` for any null and, for a null of finite measures,
+`maxLogGrowth Q₁ S₁ n = n * maxLogGrowth Q₁ S₁ 1` for `n ≠ 0`.
+
+For a weakly compact convex null the hypothesis holds [RR26, Proposition 4.5].
+
+## Main statements
+
+* `ProbabilityTheory.bipolarRate_eq_maxLogGrowth_one_of_le`: if the bipolar rate is at most the
+  growth of one observation, the two are equal.
+* `ProbabilityTheory.maxLogGrowth_eq_mul_of_bipolarRate_le`: if the bipolar rate is at most the
+  growth of one observation, then `maxLogGrowth Q₁ S₁ n = n * maxLogGrowth Q₁ S₁ 1` for `n ≠ 0`.
+* `ProbabilityTheory.bipolarRate_eq_iInf_klDiv_of_iInf_klDiv_le_maxLogGrowth_one`: if one
+  observation attains the smallest relative entropy, the bipolar rate is the smallest relative
+  entropy [EVR26, Note 11, Theorem 9].
+* `ProbabilityTheory.maxLogGrowth_eq_mul_of_iInf_klDiv_le_maxLogGrowth_one`: and then
+  `maxLogGrowth Q₁ S₁ n = n * maxLogGrowth Q₁ S₁ 1` for `n ≠ 0` [EVR26, Note 11, Theorem 9].
+
+## References
+
+* [EVR26] *Answers to open questions in e-values and anytime-valid inference*, Note 11, and its
+  Lean library `EValuesResearch`, github.com/RemyDegenne/evalues_research, 2026.
+* [RR26] A. Ram and A. Ramdas, *The optimal betting wealth growth rate*, arXiv:2604.25280v1.
+-/
+
+public section
+
+open MeasureTheory InformationTheory
+open scoped ENNReal
+
+namespace ProbabilityTheory
+
+variable {𝓧 : Type*} {m𝓧 : MeasurableSpace 𝓧} {Q₁ : Measure 𝓧} {S₁ : Set (Measure 𝓧)} {n : ℕ}
+
+/-- If the bipolar rate is at most the maximal expected logarithm of a one-observation
+e-variable, the two are equal. -/
+theorem bipolarRate_eq_maxLogGrowth_one_of_le (h : bipolarRate Q₁ S₁ ≤ maxLogGrowth Q₁ S₁ 1) :
+    bipolarRate Q₁ S₁ = maxLogGrowth Q₁ S₁ 1 :=
+  le_antisymm h (maxLogGrowth_one_le_bipolarRate Q₁ S₁)
+
+/-- If the bipolar rate is at most the maximal expected logarithm of a one-observation
+e-variable, then for `n ≠ 0`, `n` observations are worth `n` times one. -/
+theorem maxLogGrowth_eq_mul_of_bipolarRate_le (Q₁ : Measure 𝓧) [IsProbabilityMeasure Q₁]
+    (hS₁ : ∀ P ∈ S₁, IsFiniteMeasure P) (h : bipolarRate Q₁ S₁ ≤ maxLogGrowth Q₁ S₁ 1)
+    (hn : n ≠ 0) : maxLogGrowth Q₁ S₁ n = n * maxLogGrowth Q₁ S₁ 1 :=
+  le_antisymm ((maxLogGrowth_le_mul_bipolarRate Q₁ S₁ hn).trans (by gcongr))
+    (mul_maxLogGrowth_one_le Q₁ hS₁ n)
+
+/-- If one observation attains the smallest relative entropy from `Q₁` to the null, the bipolar
+rate is the maximal expected logarithm of a one-observation e-variable
+[EVR26, Note 11, Theorem 9]. -/
+theorem bipolarRate_eq_maxLogGrowth_one_of_iInf_klDiv_le (Q₁ : Measure 𝓧)
+    [IsProbabilityMeasure Q₁] (hS₁ : ∀ P ∈ S₁, IsProbabilityMeasure P)
+    (h : ((⨅ P ∈ S₁, klDiv Q₁ P : ℝ≥0∞) : EReal) ≤ maxLogGrowth Q₁ S₁ 1) :
+    bipolarRate Q₁ S₁ = maxLogGrowth Q₁ S₁ 1 :=
+  bipolarRate_eq_maxLogGrowth_one_of_le ((bipolarRate_le_iInf_klDiv Q₁ hS₁).trans h)
+
+/-- If one observation attains the smallest relative entropy from `Q₁` to the null, the bipolar
+rate is the smallest relative entropy [EVR26, Note 11, Theorem 9]. -/
+theorem bipolarRate_eq_iInf_klDiv_of_iInf_klDiv_le_maxLogGrowth_one (Q₁ : Measure 𝓧)
+    [IsProbabilityMeasure Q₁] (hS₁ : ∀ P ∈ S₁, IsProbabilityMeasure P)
+    (h : ((⨅ P ∈ S₁, klDiv Q₁ P : ℝ≥0∞) : EReal) ≤ maxLogGrowth Q₁ S₁ 1) :
+    bipolarRate Q₁ S₁ = ((⨅ P ∈ S₁, klDiv Q₁ P : ℝ≥0∞) : EReal) :=
+  le_antisymm (bipolarRate_le_iInf_klDiv Q₁ hS₁) (h.trans (maxLogGrowth_one_le_bipolarRate Q₁ S₁))
+
+/-- If one observation attains the smallest relative entropy from `Q₁` to the null, then for
+`n ≠ 0`, `n` observations are worth `n` times one: the maximal expected logarithm of an `n`-sample
+e-variable is `n` times that of a one-observation e-variable. The common value may be infinite
+[EVR26, Note 11, Theorem 9]. -/
+theorem maxLogGrowth_eq_mul_of_iInf_klDiv_le_maxLogGrowth_one (Q₁ : Measure 𝓧)
+    [IsProbabilityMeasure Q₁] (hS₁ : ∀ P ∈ S₁, IsProbabilityMeasure P)
+    (h : ((⨅ P ∈ S₁, klDiv Q₁ P : ℝ≥0∞) : EReal) ≤ maxLogGrowth Q₁ S₁ 1) (hn : n ≠ 0) :
+    maxLogGrowth Q₁ S₁ n = n * maxLogGrowth Q₁ S₁ 1 :=
+  maxLogGrowth_eq_mul_of_bipolarRate_le Q₁ (fun P hP ↦ have := hS₁ P hP; inferInstance)
+    ((bipolarRate_le_iInf_klDiv Q₁ hS₁).trans h) hn
+
+end ProbabilityTheory