diff --git a/crates/oxc_minifier/src/ast_passes/peephole_fold_constants.rs b/crates/oxc_minifier/src/ast_passes/peephole_fold_constants.rs
index 71cbb291ddb12..354a92126195c 100644
--- a/crates/oxc_minifier/src/ast_passes/peephole_fold_constants.rs
+++ b/crates/oxc_minifier/src/ast_passes/peephole_fold_constants.rs
@@ -1,3 +1,14 @@
+use std::cmp::Ordering;
+
+use num_bigint::BigInt;
+use oxc_ast::ast::*;
+use oxc_span::{GetSpan, Span, SPAN};
+use oxc_syntax::{
+    number::{NumberBase, ToJsInt32},
+    operator::{BinaryOperator, LogicalOperator, UnaryOperator},
+};
+use oxc_traverse::{Ancestor, Traverse, TraverseCtx};
+
 use crate::{
     node_util::{
         is_exact_int64, IsLiteralValue, MayHaveSideEffects, NodeUtil, NumberValue, ValueType,
@@ -6,16 +17,6 @@ use crate::{
     ty::Ty,
     CompressorPass,
 };
-use num_bigint::BigInt;
-use oxc_ast::ast::*;
-use oxc_span::{GetSpan, Span, SPAN};
-use oxc_syntax::number::ToJsInt32;
-use oxc_syntax::{
-    number::NumberBase,
-    operator::{BinaryOperator, LogicalOperator, UnaryOperator},
-};
-use oxc_traverse::{Ancestor, Traverse, TraverseCtx};
-use std::cmp::Ordering;
 
 /// Constant Folding
 ///
diff --git a/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs b/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
index e925b0b85b4e7..31de4e35240b8 100644
--- a/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
+++ b/crates/oxc_minifier/src/ast_passes/peephole_substitute_alternate_syntax.rs
@@ -1,5 +1,6 @@
 use oxc_ast::ast::*;
 use oxc_span::{GetSpan, SPAN};
+use oxc_syntax::number::ToJsInt32;
 use oxc_syntax::{
     number::NumberBase,
     operator::{BinaryOperator, UnaryOperator},
@@ -77,6 +78,12 @@ impl<'a> Traverse<'a> for PeepholeSubstituteAlternateSyntax {
     }
 
     fn enter_expression(&mut self, expr: &mut Expression<'a>, ctx: &mut TraverseCtx<'a>) {
+        if let Expression::AssignmentExpression(assignment_expr) = expr {
+            if let Some(new_expr) = self.try_compress_assignment_expression(assignment_expr, ctx) {
+                *expr = new_expr;
+                self.changed = true;
+            }
+        }
         if !self.compress_undefined(expr, ctx) {
             self.compress_boolean(expr, ctx);
         }
@@ -260,6 +267,45 @@ impl<'a> PeepholeSubstituteAlternateSyntax {
             self.changed = true;
         }
     }
+
+    fn try_compress_assignment_expression(
+        &mut self,
+        expr: &mut AssignmentExpression<'a>,
+        ctx: &mut TraverseCtx<'a>,
+    ) -> Option<Expression<'a>> {
+        let target = expr.left.as_simple_assignment_target_mut()?;
+        if matches!(expr.operator, AssignmentOperator::Subtraction) {
+            match &expr.right {
+                Expression::NumericLiteral(num) if num.value.to_js_int_32() == 1 => {
+                    // The `_` will not be placed to the target code.
+                    let target = std::mem::replace(
+                        target,
+                        ctx.ast.simple_assignment_target_identifier_reference(SPAN, "_"),
+                    );
+                    Some(ctx.ast.expression_update(SPAN, UpdateOperator::Decrement, true, target))
+                }
+                Expression::UnaryExpression(un)
+                    if matches!(un.operator, UnaryOperator::UnaryNegation) =>
+                {
+                    if let Expression::NumericLiteral(num) = &un.argument {
+                        (num.value.to_js_int_32() == 1).then(|| {
+                            // The `_` will not be placed to the target code.
+                            let target = std::mem::replace(
+                                target,
+                                ctx.ast.simple_assignment_target_identifier_reference(SPAN, "_"),
+                            );
+                            ctx.ast.expression_update(SPAN, UpdateOperator::Increment, true, target)
+                        })
+                    } else {
+                        None
+                    }
+                }
+                _ => None,
+            }
+        } else {
+            None
+        }
+    }
 }
 
 /// <https://github.com/google/closure-compiler/blob/master/test/com/google/javascript/jscomp/PeepholeSubstituteAlternateSyntax.java>
@@ -302,4 +348,25 @@ mod test {
         // shadowd
         test_same("(function(undefined) { let x = typeof undefined; })()");
     }
+
+    #[test]
+    #[ignore]
+    fn fold_true_false_comparison() {
+        test("x == true", "x == 1");
+        test("x == false", "x == 0");
+        test("x != true", "x != 1");
+        test("x < true", "x < 1");
+        test("x <= true", "x <= 1");
+        test("x > true", "x > 1");
+        test("x >= true", "x >= 1");
+    }
+
+    #[test]
+    fn test_fold_subtraction_assignment() {
+        test("x -= 1", "--x");
+        test("x -= -1", "++x");
+        test_same("x -= 2");
+        test_same("x += 1"); // The string concatenation may be triggered, so we don't fold this.
+        test_same("x += -1");
+    }
 }
diff --git a/tasks/minsize/minsize.snap b/tasks/minsize/minsize.snap
index 1105bbf87d170..16599d056f3d6 100644
--- a/tasks/minsize/minsize.snap
+++ b/tasks/minsize/minsize.snap
@@ -2,7 +2,7 @@ Original   | Minified   | esbuild    | Gzip       | esbuild
 
 72.14 kB   | 24.47 kB   | 23.70 kB   | 8.65 kB    | 8.54 kB    | react.development.js
 
-173.90 kB  | 61.70 kB   | 59.82 kB   | 19.54 kB   | 19.33 kB   | moment.js 
+173.90 kB  | 61.69 kB   | 59.82 kB   | 19.54 kB   | 19.33 kB   | moment.js 
 
 287.63 kB  | 92.83 kB   | 90.07 kB   | 32.29 kB   | 31.95 kB   | jquery.js 
 
@@ -14,13 +14,13 @@ Original   | Minified   | esbuild    | Gzip       | esbuild
 
 1.01 MB    | 470.11 kB  | 458.89 kB  | 126.97 kB  | 126.71 kB  | bundle.min.js
 
-1.25 MB    | 671 kB     | 646.76 kB  | 164.72 kB  | 163.73 kB  | three.js  
+1.25 MB    | 671.00 kB  | 646.76 kB  | 164.72 kB  | 163.73 kB  | three.js  
 
 2.14 MB    | 756.69 kB  | 724.14 kB  | 182.87 kB  | 181.07 kB  | victory.js
 
-3.20 MB    | 1.05 MB    | 1.01 MB    | 334.11 kB  | 331.56 kB  | echarts.js
+3.20 MB    | 1.05 MB    | 1.01 MB    | 334.10 kB  | 331.56 kB  | echarts.js
 
-6.69 MB    | 2.44 MB    | 2.31 MB    | 498.90 kB  | 488.28 kB  | antd.js   
+6.69 MB    | 2.44 MB    | 2.31 MB    | 498.93 kB  | 488.28 kB  | antd.js   
 
-10.95 MB   | 3.59 MB    | 3.49 MB    | 913.94 kB  | 915.50 kB  | typescript.js
+10.95 MB   | 3.59 MB    | 3.49 MB    | 913.96 kB  | 915.50 kB  | typescript.js