news 
Numerai Announces $1M Strategic Buyback of NMR
San Francisco, CA – July 17th, 2025 – Chainwire
In a move to reinforce its long-term commitment to participants and maintain economic stability, Numerai has announced plans to buy back $1 million worth of its token, Numeraire (NMR), from the open market. This strategic decision comes as the company’s assets under management (AUM) have more than doubled over the past year.
Since its inception in 2015, Numerai has successfully crowdsourced stock market predictions from thousands of data scientists globally, fostering a unique ecosystem powered by machine learning models and staking rewards. The company’s Stake-Weighted Meta Model has consistently outperformed individual models, reinforcing the effectiveness of this approach to collective intelligence.
As AUM growth accelerates, the company recognizes the importance of maintaining a stable economic environment for its participants. With a fixed supply capped at 11 million, Numerai now finds itself in a situation where it can no longer distribute staking rewards at historical levels. This strategic buyback aims to address this issue and ensure transparency throughout the process.
The buyback will be executed gradually, with orders placed at or near prevailing bid prices. The program’s progression will unfold over time, ensuring that all stakeholders are well-informed throughout the process.
For more information on Numerai’s decision-making process behind this move, readers can refer to the company’s newly launched blog, where a detailed explanation of the buyback can be found.
About Numerai
Numerai is a San Francisco-based hedge fund established in 2015. The organization seeks to solve the hardest problem in finance by crowdsourcing stock market predictions from thousands of data scientists worldwide who stake NMR on their models and contribute to a Meta Model used for live trading.
Source: crypto-economy.com
