San Francisco, CA, July 17th, 2025
Crowdsourced Hedge Fund Announces Strategic Token Buyback as Meta Model Leads Amid AUM Growth
Numerai, the decentralized hedge fund powered by crowdsourced machine learning, has unveiled its plans to execute a $1 million buyback of its token, Numeraire (NMR), from the open market. This strategic buyback underscores Numerai’s ongoing investment in its staking ecosystem, designed to align thousands of global data scientists with the long-term success of its hedge fund.
Numerai has experienced remarkable growth over the past year, more than doubling its assets under management (AUM) from approximately $173 million to over $441 million. The fund now facilitates over $1 billion in monthly trading across more than 30 global markets, relying heavily on machine learning models crowdsourced from a vast network of data scientists who stake NMR on their predictive accuracy.
Every week, thousands of data scientists participate in Numerai’s tournament, submitting their model predictions while staking NMR based on their confidence in these forecasts. This staking mechanism incentivizes high-quality contributions, leading to the success of Numerai’s Stake-Weighted Meta Model. This model, which combines user-generated forecasts weighted by the NMR staked, has consistently outperformed individual submissions, highlighting the effectiveness of Numerai’s approach to harness collective intelligence.
“The success of our Stake-Weighted Meta Model speaks for itself: it’s outperformed every individual model over the past year. As our AUM grows and top institutional allocators join us, the role of NMR has never been more critical,” said Richard Craib, Founder and CEO of Numerai.
Despite Numerai’s success, the increasing maturity of its ecosystem has made NMR more scarce. With a fixed total supply capped at 11 million tokens and approximately 3 million NMR remaining in the Numerai treasury, the company faces constraints in continuing its distribution of staking rewards at previous levels. The buyback initiative aims to demonstrate Numerai’s long-term commitment to its community and to sustain economic stability within its ecosystem.
The buyback will be implemented gradually, ensuring transparency throughout the process. Orders will be placed at or near prevailing bid prices, allowing the program to be executed smoothly over time. A comprehensive analysis of the buyback strategy is available on Numerai’s newly launched blog.
About Numerai
Founded in 2015, Numerai is a San Francisco-based hedge fund that crowdsources stock market predictions to tackle one of finance’s most challenging problems. The fund is supported by a global community of data scientists who stake NMR on their models and contribute to a collective Meta Model utilized in live trading.
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