diff --git a/ext/src/ruby_api/externals.rs b/ext/src/ruby_api/externals.rs
index afbe07dc..34742a6e 100644
--- a/ext/src/ruby_api/externals.rs
+++ b/ext/src/ruby_api/externals.rs
@@ -221,7 +221,7 @@ impl<'a> WrapWasmtimeType<'a, Extern<'a>> for wasmtime::Extern {
                 ruby.obj_wrap(Global::from_inner(store, *global)),
             )),
             wasmtime::Extern::Memory(mem) => Ok(Extern::Memory(
-                ruby.obj_wrap(Memory::from_inner(store, *mem)?),
+                ruby.obj_wrap(Memory::from_inner(store, *mem)),
             )),
             wasmtime::Extern::Table(table) => Ok(Extern::Table(
                 ruby.obj_wrap(Table::from_inner(store, *table)),
diff --git a/ext/src/ruby_api/memory.rs b/ext/src/ruby_api/memory.rs
index f7417e2a..52b560ac 100644
--- a/ext/src/ruby_api/memory.rs
+++ b/ext/src/ruby_api/memory.rs
@@ -11,11 +11,8 @@ use magnus::{
     DataTypeFunctions, Error, Module as _, Object, Ruby, TypedData, Value,
 };
 
-use rb_sys::tracking_allocator::ManuallyTracked;
 use wasmtime::{Extern, Memory as MemoryImpl};
 
-const WASM_PAGE_SIZE: u32 = wasmtime_environ::Memory::DEFAULT_PAGE_SIZE;
-
 define_rb_intern!(
     MIN_SIZE => "min_size",
     MAX_SIZE => "max_size",
@@ -68,7 +65,7 @@ impl From<&MemoryType> for wasmtime::ExternType {
 #[magnus(class = "Wasmtime::Memory", free_immediately, mark, unsafe_generics)]
 pub struct Memory<'a> {
     store: StoreContextValue<'a>,
-    inner: ManuallyTracked<MemoryImpl>,
+    inner: MemoryImpl,
 }
 
 impl DataTypeFunctions for Memory<'_> {
@@ -98,21 +95,15 @@ impl<'a> Memory<'a> {
         let memtype = wasmtime::MemoryType::new(min, max);
 
         let inner = MemoryImpl::new(store.context_mut(), memtype).map_err(|e| error!("{}", e))?;
-        let memsize = inner.data_size(store.context_mut());
 
         Ok(Self {
             store: store.into(),
-            inner: ManuallyTracked::wrap(inner, memsize),
+            inner,
         })
     }
 
-    pub fn from_inner(store: StoreContextValue<'a>, inner: MemoryImpl) -> Result<Self, Error> {
-        let memsize = inner.data_size(store.context()?);
-
-        Ok(Self {
-            store,
-            inner: ManuallyTracked::wrap(inner, memsize),
-        })
+    pub fn from_inner(store: StoreContextValue<'a>, inner: MemoryImpl) -> Self {
+        Self { store, inner }
     }
 
     /// @yard
@@ -411,15 +402,9 @@ impl<'a> Memory<'a> {
     /// @param delta [Integer] The number of pages to grow by.
     /// @return [Integer] The number of pages the memory had before being resized.
     pub fn grow(&self, delta: usize) -> Result<u64, Error> {
-        let ret = self
-            .get_wasmtime_memory()
+        self.get_wasmtime_memory()
             .grow(self.store.context_mut()?, delta as _)
-            .map_err(|e| error!("{}", e));
-
-        self.inner
-            .increase_memory_usage(delta * (WASM_PAGE_SIZE as usize));
-
-        ret
+            .map_err(|e| error!("{}", e))
     }
 
     /// @yard
@@ -435,7 +420,7 @@ impl<'a> Memory<'a> {
     }
 
     pub fn get_wasmtime_memory(&self) -> &MemoryImpl {
-        self.inner.get()
+        &self.inner
     }
 
     fn data(&self) -> Result<&[u8], Error> {
diff --git a/ext/src/ruby_api/store.rs b/ext/src/ruby_api/store.rs
index 261b3d3a..822e22c2 100644
--- a/ext/src/ruby_api/store.rs
+++ b/ext/src/ruby_api/store.rs
@@ -509,16 +509,9 @@ impl ResourceLimiter for TrackingResourceLimiter {
         // Update max_linear_memory_consumed
         self.max_linear_memory_consumed = self.max_linear_memory_consumed.max(desired);
 
-        if res.is_ok() {
-            self.tracker.increase_memory_usage(desired - current);
-        } else {
-            self.linear_memory_limit_hit = true;
-        }
-
-        if let Ok(allowed) = res {
-            if !allowed {
-                self.linear_memory_limit_hit = true;
-            }
+        match res {
+            Ok(true) => self.tracker.increase_memory_usage(desired - current),
+            Ok(false) | Err(_) => self.linear_memory_limit_hit = true,
         }
 
         res
diff --git a/spec/unit/store_spec.rb b/spec/unit/store_spec.rb
index 91b716bb..fc5eba94 100644
--- a/spec/unit/store_spec.rb
+++ b/spec/unit/store_spec.rb
@@ -144,6 +144,24 @@ module Wasmtime
           expect(store.max_linear_memory_consumed).to be >= 65536 * 2
         end
       end
+
+      describe "GC memory accounting" do
+        let(:pages) { 200 }
+        let(:bytes) { pages * 65_536 }
+
+        it "reports linear memory to the GC exactly once (no double counting)" do
+          store = Store.new(engine, limits: {memory_size: bytes * 4})
+
+          GC.disable
+          before = GC.stat(:malloc_increase_bytes)
+          Memory.new(store, min_size: pages)
+          delta = GC.stat(:malloc_increase_bytes) - before
+
+          expect(delta).to be_within(bytes / 2).of(bytes)
+        ensure
+          GC.enable
+        end
+      end
     end
   end
 end