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Fortune

Prarthana Prakash

Cathie Wood swoops in for Dutch payments company shares right after its $20B market wipe-out

Cathie Wood ARK Adyen Elon Musk Fortune Tesla Inc.

A PICTURE OF CATHIE WOOD (Credit: Hugo Amaral—SOPA Images/LightRocket/Getty Images)

Cathie Wood and her ARK Invest firm are back at it with another daring investment, this time focusing on Adyen, a Dutch payments platform that's been plumbing three-year trading lows.

In a bold maneuver, two of ARK's SEC-registered exchange-traded funds (ETFs) swooped in on Monday, snapping up $9 million worth of Adyen stock, as reported by Bloomberg.

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