In a large mixing bowl, gently whisk the water and sourdough starter to combine.
Make the dough. Add the flour and salt. Mix until a shaggy dough forms, then cover and allow to rest for 30 minutes.
Grate the butter. We recommend using frozen butter for this step. Use a box grater to grate the butter onto a plate or shallow bowl. Place the grated butter in the freezer to keep cold until you’re ready to do the stretch and folds**.
Incorporate the butter. After the dough has rested for 30 minutes, sprinkle a third of the grated butter on top of the shaggy dough. Gently fold the dough a few times to cover the butter. Repeat this process until all of the butter has been added to the dough. The dough will look lumpy and uneven, which is expected.
Rest the dough. Cover and allow to sit for 30 minutes.
Stretch and folds. Over the next 2 hours, perform 4 sets of stretch and folds** every 30 minutes. The dough will become smoother and more elastic with every stretch and fold session.
First proof (rising). Cover and allow the dough to rise at room temperature until puffy, increasing its volume by 60-75 percent. This could take anywhere between 4-8 hours depending on the strength of your starter and the temperature of your kitchen.
Shape the dough. Transfer the dough to a surface dusted with flour, and shape it gently into a boule by folding the edges inward and tightening the surface. Try not to press out all the air or smear the butter into the dough.
Place seam-side up into a floured banneton or towel-lined bowl.
Cold fermentation. Cover and refrigerate overnight, about 10-14 hours. (This allows the butter to firm back up and will improve the flaky texture). If needed for timing purposes, you can refrigerate the dough for up to 24 hours before baking.