Bitmine Immersion Technologies, the largest Ethereum treasury firm, bought another 27,562 Ether last week, worth about $75.2 million at Monday's price. Chairman Tom Lee stated that institutional investors are still underweight crypto, partly due to the outperformance of AI stocks, and expects them to substantially increase their exposure in the final three months of 2026. He noted that Ether has risen 76% since the end of June, significantly outperforming the S&P 500's 2% gain.