San Francisco, CA, July 17, 2026, Chainwire
Crowdsourced hedge fund completes third open market purchase as contributor network and assets grow
Numerai, a decentralized hedge fund powered by crowdsourced machine learning, today announced the completion of its third strategic purchase of Numerai (NMR), acquiring an additional $1.2 million in tokens from the public market. The acquisition brings Numerai’s total NMR buybacks to $3.2 million within one year.
The share buyback reflects Numerai’s continued investment in a staking system that brings together thousands of independent data scientists to improve the company’s stake-weighted meta model, the machine learning model that powers Numerai’s hedge funds. Contributors bet NMR on the model and earn additional NMR if the prediction is successful in future market data, and lose NMR if it fails. The resulting stake-weighted meta model continues to outperform Numerai’s internal benchmark model, demonstrating the value of aligning incentives and predictive performance.
Since announcing our first strategic share buyback in July 2025, Numerai’s network has expanded significantly. Active accounts have more than doubled in the past year, and the number of submissions continues to grow. The platform introduced new infrastructure such as Numerai Skills, Numerai Model Context Protocol (MCP), and Atomic Blockchain Staking to enable autonomous participation by AI systems.
The underlying hedge fund also continues to grow. Numerai currently manages approximately $700 million in assets, up from approximately $560 million at the end of 2025, according to the company.
Numeraire is a fixed supply Ethereum token capped at 11 million NMR. As tournament rewards and staking incentives are distributed from Numerai’s treasury, the company replenishes its holdings through open market purchases. Prior to this buyback, approximately 3.1 million NMR remained in Numerai’s treasury.
Unlike the previous two announcements, this share buyback had already been completed before today’s announcement. Similar to previous purchases, this transaction was executed at or near the bid price over several weeks on the open market through Coinbase Institutional to minimize market impact.
Past performance is not indicative of future results. This content does not represent an offer to buy or sell securities or interests in accounts managed by Numerai GP, LLC or its affiliates. Such offers may only be made to investment-qualified individuals and in jurisdictions in which such offers are lawful.
About Numerai
Numerai is a San Francisco-based hedge fund and data science platform founded in 2015. Through global competition and open APIs, thousands of data scientists send stock market signals that are aggregated into a single meta model used to trade the world’s stocks. Numeraire (NMR) is used to reward bets on models that improve the fund. Numerai’s mission is to build the world’s last hedge fund through open and competitive machine intelligence.
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