The Good Tech Companies - Numerai Announces $1M Strategic Buyback Of NMR

Episode Date: July 17, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/numerai-announces-$1m-strategic-buyback-of-nmr. Crowdsourced Hedge Fund Announces Strategic Token Buyback as Meta Model Leads Amid AUM Growth Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #numerai, #chainwire, #press-release, #numarai-announcement, #crypto-exchange, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced plans to buy back $1 million of its token, Numeraire (NMR), from the open market. The buyback reflects Numerai’s continued investment in its staking ecosystem, a mechanism that aligns thousands of global data scientists with the long-term performance of its hedge fund.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Numeri announces $1 million strategic buyback of NMR, by Chainwire. San Francisco, California, July 17, 2025, Chainwire, Numeri, the decentralized hedge fund powered by crowdsourced machine learning, today announced plans to buy back $1 million of its token, Numeraire, NMR, from the open market. The buyback reflects Numeri's continued investment in its staking ecosystem, a mechanism that aligns thousands of global data scientists with the long-term performance of its hedge fund. Over the past year, Numeri has more than doubled its assets under management, AUM,

growing from approximately $173 million to over $441 million. The fund now trades more than $1 billion per month across over 30 global markets, relying on machine learning models crowdsourced from a global network of data scientists who stake NMR on their predictions. Each week, thousands of data scientists submit predictions to NumerisDernnament and StakeNMR on their model's performance. These stakes encourage aligned, high-quality contributions to the hedge fund, and it's working.

Numerized Stake-weighted Meta Model, an ensemble of user models weighted by their NMR state, has consistently outperformed individual models, reinforcing Numerized's incentive-aligned approach to collective intelligence. Greater than, success of our state-weighted meta-model speaks for itself. It's greater than outperformed every individual model over the past year. As our AUM grows and greater than top institutional allocators join us, the role of NMR has never been more greater than critical, said Richard Crabe, founder and CEO of Numeri. But as Numeri's ecosystem has matured, NMR has become scarce.

With a fixed supply capped at 11 million, and roughly 3 million NMR remaining in Numeri Treasury, the company has limited capacity to continue distributing staking rewards at historical levels. The company says the buyback will help underscore its long-term commitment to its participants and maintain economic stability. The buyback will be executed gradually to ensure transparency. Orders will be placed at our near-prevailing bid prices, allowing the program to unfold gradually over time.

The full explanation behind the buyback can be found on Numeri's newly launched blog. About Numeri founded in 2015,orai is a San Francisco-based hedge fund that crowdsources stock market predictions to solve the hardest problem in finance. The fund is powered by thousands of data scientists globally who can stake NMR on their models and contribute to a crowdsourced meta-model used in live trading. DiscordX, DocsContactPressContact Lindsay Smith Numorai Lindsay at Number.i This story was published as a press release by Chainwire trading.