Numerai has completed its third NMR strategic buyback, bringing the total amount of buybacks in the past year to $3.2 million.

BlockBeats News, July 18th, Decentralized Hedge Fund Numerai announced that it has completed its third Numeraire (NMR) strategic buyback, purchasing $1.2 million worth of NMR from the open market, bringing the total buyback amount in the past year to $3.2 million.

Numerai stated that this buyback is designed to continue supporting its machine learning tournament ecosystem based on NMR staking. Data scientists stake NMR to submit models, and if their predictions perform well, they receive rewards. If their performance is poor, they may lose some staked tokens. This mechanism is used to optimize Numerai's hedge fund's Stake-Weighted Meta Model.

Official data shows that since the inception of the buyback in July 2025, the number of active accounts on the platform has more than doubled. The platform's assets under management (AUM) have grown from around $560 million at the end of 2025 to approximately $700 million currently. Prior to this buyback, Numerai's treasury still held about 3.1 million NMR.

It is reported that this buyback was completed prior to the announcement, and the transactions were executed in batches on the open market through Coinbase Institutional to mitigate impact on market prices.