Numerai Completes Third Strategic NMR Buyback, Bringing Total Repurchases to $3.2 Million
San Francisco, CA, July 17th, 2026, Chainwire
Crowdsourced Hedge Fund Completes Third Open-Market Purchase as Contributor Network and Assets Continue to Grow
Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced the completion of a third strategic purchase of Numeraire (NMR), acquiring an additional $1.2 million of the token from the open market. The purchase brings Numerai’s total NMR buybacks to $3.2 million within one year.
The buyback reflects Numerai’s continued investment in the staking system that aligns thousands of independent data scientists toward improving the firm’s Stake-Weighted Meta Model, the machine learning model that powers Numerai’s hedge fund. Contributors stake NMR on their models, earning additional NMR when their predictio...
