Numerai manages approximately $700 million in assets, having repurchased a total of $3.2 million worth of NMR over the past year

Odaily Planet Daily News: Decentralized hedge fund Numerai has announced the completion of 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. The system allows independent data scientists to stake NMR on models. Models that perform well in predicting future market data receive additional NMR, while those that underperform 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, and it has launched infrastructure such as Numerai Skills, Numerai Model Context Protocol, and Atomic Blockchain Staking.

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