Numerai completes $1.2M NMR buyback

Numerai announced it bought an additional $1.2 million worth of its NMR token on the market, bringing its cumulative NMR buybacks over the past year to $3.2 million. The company said the latest buyback is aimed at strengthening the NMR staking ecosystem and improving the performance of the platform’s AI-based prediction models. Numerai added that the number of active accounts has more than doubled since it first announced a buyback in July last year, while assets under management have risen to around $700 million from about $560 million at the end of last year.