# Dan Held

> Dan Held is a seed investor at Asymmetric (San Francisco) backing Bitcoin and Blockchain. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Asymmetric](https://shizune.co/investors/profile/asymmetric)
- Location: San Francisco, United States
- Total investments: 10
- Last investment: Aug 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/dheld
- X (Twitter): http://twitter.com/danheld
- Website: https://picks.co/

Dan Held is a seed investor at Asymmetric in San Francisco focused on Bitcoin and Blockchain. Dan Held is based out of Austin, Texas and currently works as a General Partner for Asymmetric. Dan previously worked at Kraken as a Head of Marketing. Dan Held attended the Mays Business School - Texas A&M University.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.8M–$21M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Bitcoin | 7 | 70% |
| Blockchain | 5 | 50% |
| Cryptocurrency | 3 | 30% |
| Web3 | 1 | 10% |
| FinTech | 1 | 10% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 70% |
| Pre-Seed | 1 | 10% |
| Series A | 1 | 10% |
| Funding Round | 1 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 4 | 40% |
| Singapore | 1 | 10% |
| Cayman Islands | 1 | 10% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Satflow | Satflow aims to improve Bitcoin DEXs, enhance decentralization, and address issues like lack of advanced order types, high-speed data, and liquidity pools. | $7.6M | Seed | Aug 15, 2024 |  |
| Liquidium | Liquidium is a peer-to-peer lending solution that leverages the power of Discreet Log Contracts (DLCs) and Partially Signed Bitcoin Transactions (PSBTs) to enable users to borrow and lend native Bitcoin against native Ordinals as collateral. Ordinal Inscriptions are a new form of digital assets created by inscribing data on Satoshis, the smallestunit of Bitcoin. Liquidium allows Ordinal owners to lock inscriptions as collateral to borrow Bitcoin, while retaining ownership and exposure to their Ordinal. The platform operates solely on the Bitcoin blockchain in a trust-minimal and custodian-free solution. The lending process is facilitated through PSBTs, and the loan outcomes are validated by DeepLake oracles. Liquidium is the biggest Bitcoin NFT lending protocol by volume on the Stacks blockchain for users to borrow against their Bitcoin NFTs. | $2.8M | Seed | Jul 18, 2024 |  |
| Arch | Arch is a Blockchain Infrastructure Premier Bitcoin-Native Application Platform | $7M | Seed | May 09, 2024 |  |
| Botanix Labs | Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier. | $8.5M |  | May 07, 2024 |  |
| Botanix Labs | Botanix Labs is a fully Ethereum-equivalent second-layer virtual machine built on top of Bitcoin. It unites Bitcoin's market cap with Ethereum's dApp ecosystem to meet its diverse applications, igniting a new frontier. | $8.5M | Seed | May 07, 2024 |  |
| Ord.io | Ord.io develops a platform that allows users to explore Bitcoin. It enables users to browse different ordinals and upvote their favorite ones. | $2M | Pre-Seed | Apr 17, 2024 |  |
| Mezo | Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield. | $21M | Seed | Apr 09, 2024 |  |
| Mezo | Mezo is a bitcoin economic layer network that provides fast and cheap bitcoin transactions to hold tokens while earning yield. | $21M | Series A | Apr 09, 2024 |  |
| Bitlayer | Bitlayer is the first Bitcoin second-layer network, based on BitVM, offering ultra-scalability and L1 security, aiming to be Bitcoin's computing layer. | $5M | Seed | Mar 27, 2024 |  |
| Build on Bitcoin | Build on Bitcoin is a hybrid Layer-2 network Bitcoin blockchain | $10M | Seed | Mar 27, 2024 |  |

10 of 10 investments shown.

## Co-investors
- [UTXO Management](https://shizune.co/investors/profile/utxo-management) — VC Fund, 5 deals together
- [ABCDE](https://shizune.co/investors/profile/abcde) — VC Fund, 4 deals together
- [Asymmetric](https://shizune.co/investors/profile/asymmetric) — VC Fund, 3 deals together
- [Multicoin Capital](https://shizune.co/investors/profile/multicoin-capital) — VC Fund, 3 deals together
- [Nascent](https://shizune.co/investors/profile/nascent-91c1) — VC Fund, 3 deals together
- [Portal Ventures](https://shizune.co/investors/profile/portal-ventures-a465) — VC Fund, 3 deals together

## About Asymmetric

VC Fund

Asymmetric is a technology company with a fund mandate, founded by solo GP and Investment Manager, Joe McCann

3 contacts available at Asymmetric.

| Name | Title | Profile |
| --- | --- | --- |
| Dan Held | General Partner | https://shizune.co/investors/profile/dan-held |
| Joe McCann | Founder, CEO, and CIO | https://shizune.co/investors/profile/joe-mccann-19c2 |
| Joe McCann | Founder, CEO, and CIO | https://shizune.co/investors/profile/joe-mccann |

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## FAQ

### What does Dan Held invest in?

Dan Held invests primarily in Bitcoin, Blockchain and Cryptocurrency startups, most often at Seed and Pre-Seed stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Dan Held's check size?

Dan Held typically joins rounds of $2.8M–$21M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Dan Held participates in.

### When did Dan Held last invest?

The most recent investment recorded for Dan Held closed in Aug 2024. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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