Temperature oscillations in the Arctic may present a unique opportunity to study how insect species respond to such changes. Aeshna juncea, a Holarctic species of the family Aeshnidae thrives in this environment; molecular adaptations that allow it to survive in the Arctic have yet to be evaluated. Here, we present the first assembled and annotated draft genome assembly and annotation of A. juncea. The assembly is both highly contiguous and complete. This resource is presented and used here to provide further evidence that transposons and unclassified repetitive elements are a major driver behind genome size variation in Odonata and show that the effective population size of A. juncea populations from Alaska went through bottlenecks during the most recent ice age. We believe this genome will be an important resource in understanding how species like Aeshna juncea survive in Arctic habitats.