The biggest bank in the US is allocating capital to an investment in a company that specializes in drone defense technologies. According to a disclosure from the firm, Chase has become a “significant holder” of Droneshield (DRO), currently controlling at least 5.31% of outstanding shares. Droneshield is a company based in New South Wales, Australia, that specializes in radio frequency sensing, artificial intelligence (AI), and electronic warfare. The firm provides anti-drone technology to the government, military, law enforcement, VIPs and other entities. At time of writing, DRO is up 132% since January 1st of this year, and is up 1,475% from its 2020 low, currently trading at $1.34 AUD ($0.87). JPMorgan joins several other large institutions, including Vanguard, Charles Schwab, Fidelity and State Street, in becoming large holders of DRO. While the bank continues building positions in various assets, its CEO, Jamie Dimon, has been periodically offloading his shares in JPMorgan itself since February of 2024. Dimon sold 133,639 shares of the largest US bank by total assets on April 14th, for a total of approximately $31.50 million, and in February, the CEO sold 866,361 JPMorgan Chase shares worth about $233.78 million when the stock was trading close to all-time high levels. Shares of JPM are currently up 13.8% on the year, trading at $253. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase Quietly Places Bet On Asset That’s Soared 134% This Year appeared first on The Daily Hodl .
