Numerai manages approximately $700 million in assets, with cumulative NMR repurchases totaling $3.2 million over the past year

Odaily Odaily reports that decentralized hedge fund Numerai has completed its third strategic purchase of NMR, acquiring an additional $1.2 million worth of NMR from the open market, bringing its total NMR repurchases over the past year to $3.2 million.

Numerai stated that this repurchase is used to support its staking system. This system allows independent data scientists to stake NMR on models. Models that perform better in predicting future market data will receive additional NMR, while those that underperform will lose their staked tokens.

Numerai noted that since announcing its first strategic repurchase in July 2025, its number of active accounts has more than doubled. It has also launched infrastructure including Numerai Skills, the Numerai Model Context Protocol, and Atomic Blockchain Staking.

Numerai currently manages approximately $700 million in assets, up from around $560 million at the end of 2025. Numeraire is a fixed-supply Ethereum token with a cap of 11 million NMR. This repurchase was executed on the open market over several weeks via Coinbase Institutional.