Consider the Coulomb potential generated by a non-negative finite measure . It is well known that the lowest eigenvalue of the corresponding Schr"odinger operator is minimized, at fixed mass , when is proportional to a delta. In this paper we investigate the conjecture that the same holds for the Dirac operator . In a previous work on the subject we proved that this operator is self-adjoint when has no atom of mass larger than or equal to 1, and that its eigenvalues are given by min-max formulas. Here we consider the critical mass , below which the lowest eigenvalue does not dive into the lower continuum spectrum for all with . We first show that is related to the best constant in a new scaling-invariant Hardy-type inequality. Our main result is that for all , there exists an optimal measure giving the lowest possible eigenvalue at fixed mass , which concentrates on a compact set of Lebesgue measure zero. The last property is shown using a new unique continuation principle for Dirac operators. The existence proof is based on the concentration-compactness principle.

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