10x Research’s Thielen Says STRC’s Latest Bitcoin Acquisition Looks Unsustainable

10x Research’s Markus Thielen said traders appear to view STRC’s latest Bitcoin acquisition as an unsustainable path for the company. According to Cointelegraph, Thielen framed the market reaction as skepticism about whether the strategy implied by the purchase can be maintained over time, suggesting the acquisition has raised concerns among traders about its durability. Thielen’s remarks focused on how traders are interpreting the move rather than detailing the acquisition itself. He said it “appears” traders are seeing the latest BTC acquisition as an “unsustainable path for STRC,” indicating that the transaction has prompted questions in the market about the long-term viability of the approach. No additional details about the size, timing, or structure of the acquisition were provided in the statement.