January 2, 2020 Numerai founder purchases $1m in NMR from the project’s treasury.

Richard Craib now owns 4.2% of the total NMR supply, and cited potential tax benefits of the investment for Numerai. The investment was conducted at a 20% discount to public market prices, has a 1 year lockup, and was approved by the project’s board that includes current VC investors. Earlier this year, Numerai launched the Erasure prediction market and data marketplace.