Overview

• The capacity commitment would more than double Numerai’s reported $450 million in assets under management.
• Numerai aggregates stock-prediction models from a global community that stakes the Numeraire (NMR) token, rewarding accurate signals and burning tokens for poor performance.
• NMR jumped about 40% to near $12.40 following the news, with daily trading volume surging more than 800% to over $115 million.
• The allocation follows a 25% net gain in 2024 after a 17% loss in 2023, with coverage noting a long stretch of positive monthly results that bolstered institutional confidence.
• The firm is scaling operations with hires from Meta and Voleon and has repurchased $1 million of NMR to align with its contributor community.