SCHEDULE: Bank of Montreal Discloses 9.72% Stake in SOL Strategies Inc.

Bank of Montreal and its subsidiaries have reported a 9.72% beneficial ownership stake in SOL Strategies Inc. common shares.

Summary

• Bank of Montreal, along with its subsidiaries BANK OF MONTREAL HOLDING INC. and BMO NESBITT BURNS INC., has filed a Schedule 13G.
• The reporting persons collectively beneficially own 2,727,928 common shares of SOL Strategies Inc.
• This aggregate amount represents 9.72% of the class of SOL Strategies Inc. common shares, no par value.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Bank of Montreal, BANK OF MONTREAL HOLDING INC., and BMO NESBITT BURNS INC. each hold sole voting power and sole dispositive power over 349 shares.
• They also each hold shared voting power and shared dispositive power over 2,727,579 shares.
• The filing date for the event requiring this statement was December 31, 2025.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive development, as it signals significant institutional interest and a substantial, albeit passive, investment from a reputable financial institution.

Positives

• A significant institutional investor, Bank of Montreal, has disclosed a substantial 9.72% stake in SOL Strategies Inc., potentially signaling confidence in the company.
• The investment is stated to be for ordinary course of business, not for control, suggesting a passive, long-term interest.

Industry Context

StockSavvy.ai notes that institutional filings like Schedule 13G provide transparency into significant ownership stakes by large financial entities. The disclosure of a nearly 10% stake by a major Canadian bank like Bank of Montreal in SOL Strategies Inc. can be interpreted by the market as a vote of confidence, potentially attracting further investor interest. This type of filing is common for large asset managers and banks holding positions for their clients or in their investment portfolios.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a common regulatory disclosure for institutional investors acquiring more than 5% of a company's stock with passive intent.
• The 9.72% stake is a substantial position, indicating a significant commitment from Bank of Montreal, comparable to other large institutional holdings seen in similar-sized companies.

Stakeholder Impact

• Shareholders: May view the significant institutional ownership as a positive indicator of the company's value and prospects, potentially leading to increased investor confidence and demand for shares.
• Company Management: Could benefit from the stability and potential long-term support implied by a large, passive institutional investor.

Key Dates

Keywords

SOL Strategies Inc., Bank of Montreal, BMO, BMO Nesbitt Burns Inc., Institutional Ownership, Schedule 13G, Common Shares, Beneficial Ownership, Investment