Crowdsourced Hedge Fund Completes Third Open-Market Purchase as Contributor Network and Assets Continue to Grow
San Francisco, CA – July 17, 2026 – Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced the completion of a third strategic purchase of its native token, Numeraire (NMR). The firm acquired an additional $1.2 million of NMR from the open market, bringing its total NMR buybacks to $3.2 million within the past year.
This latest buyback underscores Numerai’s ongoing commitment to its staking system, which incentivizes thousands of independent data scientists to contribute to the firm’s Stake-Weighted Meta Model. This sophisticated machine learning model forms the backbone of Numerai’s hedge fund operations. Contributors stake NMR on their predictive models, earning additional tokens for accurate forecasts on future market data and forfeiting them for inaccurate ones. The resulting Stake-Weighted Meta Model has consistently outperformed Numerai’s internal benchmark models, highlighting the efficacy of aligning financial incentives with predictive performance.
Since its inaugural strategic buyback in July 2025, Numerai has experienced significant expansion. The number of active accounts has more than doubled over the past year, while the volume of model submissions continues to rise. The platform has also rolled out new infrastructure, including Numerai Skills, Numerai Model Context Protocol (MCP), and Atomic Blockchain Staking, facilitating increasingly autonomous participation by artificial intelligence systems.
The underlying hedge fund has also seen substantial growth. Numerai now manages approximately $700 million in assets, an increase from roughly $560 million at the close of 2025.
Numeraire is an Ethereum-based token with a fixed supply, 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 latest buyback, approximately 3.1 million NMR remained in Numerai’s treasury.
In contrast to previous announcements, this buyback was finalized before today’s public disclosure. As with prior transactions, the purchase was executed on the open market via Coinbase Institutional, aiming to minimize market impact by transacting at or near the bid price over several weeks.
About Numerai
Founded in 2015, Numerai is a San Francisco-based hedge fund and data science platform. Through a global competition and an open API, thousands of data scientists submit stock market signals. These signals are then aggregated into a single Meta Model used for trading global equities. Numeraire (NMR) serves as the staking and reward mechanism for models that enhance the fund’s performance. Numerai’s stated mission is to build the world’s last hedge fund through open, competitive machine intelligence.
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