Tom Lee Backs Ethereum AI Settlement Layer After Harvard $87M Exit

Harvard Management fully exited its $87 million Ethereum ETF stake in Q1 2026, marking a sharp institutional retreat amid ETH’s 50% decline from its August 2025 peak near $5,000. The move follows a wave of corporate treasury builds, including GameSquare’s 15,502 ETH and BitMine’s 5.28 million ETH holdings, while staking climbed to 31% of supply. Citi highlighted Ethereum’s quantum-governance edge over Bitcoin. In the latest development, Tom Lee endorsed forming a new Ethereum organization to position ETH as the settlement layer for agentic AI, citing BitMine’s staking yields and broader adoption signals. ETH trades near $2,137 as governance and tokenomics debates continue.