Numerai completes its third strategic repurchase of NMR tokens, bringing its total repurchase value over the past year to $3.2 million.

Decentralized hedge fund Numerai announced it has completed its third strategic repurchase of Numeraire (NMR), buying $1.2 million worth of NMR on the open market, bringing its cumulative repurchase volume over the past year to $3.2 million. Numerai stated that this repurchase aims to continuously support its machine learning competition ecosystem based on the NMR staking mechanism. Data scientists submit models by staking NMR; those with strong predictive performance earn rewards, while underperformers lose a portion of their staked tokens. This mechanism is used to optimize the Stake-Weighted Meta Model that powers Numerai's hedge fund. Official data shows that since launching its first repurchase in July 2025, the platform's number of active accounts has more than doubled, and its assets under management (AUM) have risen from approximately $560 million at the end of 2025 to around $700 million currently. Prior to this repurchase, Numerai's treasury held approximately 3.1 million NMR tokens. It is reported that the repurchase was completed before the announcement, with transactions executed in batches on the open market via Coinbase Institutional to minimize market price impact.