Buying Bitcoin doesn't reduce taxes. It's no different than investing company's cash into a different currency or bonds.
In fact, when Tesla bought Bitcoin accounting rules for Bitcoin were very unfavorable in that the bitcoin wasn't valued at the price in a given quarter but, and it's hard to believe, only at the lowest ever price. So on paper the company could only loose money by holding Bitcoin.
That idiotic rule was part of Democrat's lawfare against Bitcoin.
This accounting rule was changed recently.
Also, Tesla never bought Dodgecoin. That Techcrunch article is just wrong.
In fact, when Tesla bought Bitcoin accounting rules for Bitcoin were very unfavorable in that the bitcoin wasn't valued at the price in a given quarter but, and it's hard to believe, only at the lowest ever price. So on paper the company could only loose money by holding Bitcoin.
That idiotic rule was part of Democrat's lawfare against Bitcoin.
This accounting rule was changed recently.
Also, Tesla never bought Dodgecoin. That Techcrunch article is just wrong.