Breaking News: Numerai Plans to Buy Back $1 Million in NMR Tokens, Assets Under Management Exceed $440 Million

Hedge fund Numerai has announced it will buy back $1 million worth of its native token NMR from the open market, equivalent to over 110,000 tokens. This move aims to support its staking ecosystem and maintain long-term economic balance.

In the past year, Numerai's assets under management (AUM) have doubled, growing from $173 million to over $441 million. The platform currently has a monthly trading volume exceeding $1 billion, covering more than 30 global markets. NMR plays a key role in its prediction model, which relies on a network of global data scientists for building and optimizing.

https://blog.numer.ai/numerai-kicks-off-strategic-nmr-buyback/