cryptonews.net
Numerai, a decentralized hedge fund using crowdsourced machine learning, has completed its third strategic purchase of Numeraire ($NMR), buying $1.2 million worth of the token on the open market. The latest transaction brings the company’s total $NMR buybacks to $3.2 million over the past year.
The buybacks support Numerai’s staking system, which brings together thousands of independent data scientists. Contributors stake $NMR on their machine learning models and receive rewards when their predictions perform well. The resulting Stake-Weighted Meta Model is used by Numerai’s hedge fund.
Since the first buyback in July 2025, the network has grown significantly. The number of active accounts has more than doubled, while the number of model submissions has also increased. Numerai has also introduced new infrastructure, including Numerai Skills, Numerai Model Context Protocol (MCP), and Atomic Blockchain Staking, which support more autonomous participation by AI systems.
The company now manages around $700 million in assets, compared with approximately $560 million at the end of 2025. $NMR has a fixed supply of 11 million tokens, and Numerai uses its treasury to fund staking rewards and tournament payouts. Before the latest purchase, the treasury held about 3.1 million $NMR.
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