Numerai Buys Back Another $1. 2M in NMR as Hedge Fund Assets Reach $700M Numerai, a crowdsourced hedge fund, has completed its third strategic buyback of Numeraire (NMR) tokens, adding another $1.
2 million to its treasury. This latest purchase brings the total amount of NMR repurchased in less than a year to $3. 2 million.
The move may seem puzzling at first, given Numerai's significant assets under management – over $700 million – and trading volumes exceeding $1 billion per month across 30 global markets.