Second run with the new 5X+ and it did the same thing on each run - all strap related data; ground contact time & balance, stride length, vert oscillation, etc. stops recording at around 2 mins 14 seconds. My wife's new 5+ (not X) is doing the exact same thing. Still getting heart rate, cadence, etc, but that is likely coming from the watch when it drops the strap out. Battery changed in our HRM Runs a couple weeks ago.
We both just upgraded from 5X's which worked fine with the straps.