Numerai Completes Third Strategic NMR Buyback, Bringing Total Repurchases to $3.2 Million
Numerai, a decentralized hedge fund powered by crowdsourced machine learning, has completed its third strategic open-market purchase of its NMR token, acquiring an additional $1.2 million worth. This brings the total NMR buybacks to $3.2 million within one year. The buybacks replenish the treasury used to reward contributors who stake NMR on their predictive models, aligning incentives with performance to improve the fund's core Stake-Weighted Meta Model.
Since the first buyback in July 2025, Numerai's network has grown significantly, with active accounts more than doubling and new infrastructure like Numerai Skills and Atomic Blockchain Staking being introduced. The underlying hedge fund's assets under management have also increased to approximately $700 million from about $560 million at the end of 2025.
The NMR token has a fixed supply of 11 million, with approximately 3.1 million remaining in Numerai's treasury prior to this latest purchase. This buyback was executed on the open market through Coinbase Institutional over several weeks to minimize market impact.
TheNewsCrypto07/17 21:22
