Svmuu News: Decentralized hedge fund Numerai announced the completion of its third strategic NMR purchase, acquiring an additional $1.2 million worth of NMR from the open market, bringing its total NMR buybacks over the past year to $3.2 million.
Numerai stated that this buyback is intended to support its staking system. This system allows independent data scientists to stake NMR on models; when a model performs well in predicting future market data, the staker receives additional NMR, but loses staked tokens if the model underperforms.
Numerai noted that since announcing its first strategic buyback in July 2025, the number of active accounts has more than doubled, and the firm has launched infrastructure such as Numerai Skills, the Numerai Model Context Protocol, and Atomic Blockchain Staking.
Numerai currently manages approximately $700 million in assets, up from about $560 million at the end of 2025. Numeraire is a fixed-supply token (Ethereum) with a cap of 11 million NMR; this buyback was executed on the open market over several weeks through Coinbase Institutional.