BTC appreciation: Is it possible that the “commercial paper” tether owns was purchased from a company whose sole business is to buy Bitcoin?

e.g. Loan proceeds to company are solely used to buy Bitcoin.

Example:
1. User buys Tether with fiat.
2. Tether lends that fiat from their treasury to company.
3. Company buys Bitcoin, with fiat, with the proceeds of the loan. Driving up the price of Bitcoin.
4. Repeat steps 1 through 3.

As long as people are buying Tethers the price of Bitcoin will keep rising.