diff --git a/internal/wasmtools/Cargo.lock b/internal/wasmtools/Cargo.lock
index 02532f55..2cffad59 100644
--- a/internal/wasmtools/Cargo.lock
+++ b/internal/wasmtools/Cargo.lock
@@ -572,9 +572,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-encoder"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a447e61e38d1226b57e4628edadff36d16760be24a343712ba236b5106c95156"
+checksum = "d50d48c31c615f77679b61c607b8151378a5d03159616bf3d17e8e2005afdaf5"
 dependencies = [
  "leb128fmt",
  "wasmparser",
@@ -582,9 +582,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-metadata"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "71aba7991cf9922a097b2dcc4c36ba5bc207339bdcd3a515530fc2555f01e8eb"
+checksum = "00094573b000c92134f2ef0f8afa4f6f892de37e78442988c946243a8c44364e"
 dependencies = [
  "anyhow",
  "indexmap",
@@ -594,9 +594,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-tools"
-version = "1.232.0"
+version = "1.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1c5728289671a031fa63c1b65ad0326b693a79e49ed62a458ab563fbf91f1bc4"
+checksum = "2ee7199b1206c66f2179d7bc7a4122b0f2a39fce0467f9efd40fb36ddac26975"
 dependencies = [
  "anyhow",
  "bytesize",
@@ -626,9 +626,9 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "917739b33bb1eb0e9a49bcd2637a351931be4578d0cc4d37b908d7a797784fbb"
+checksum = "3fa99c8328024423875ae4a55345cfde8f0371327fb2d0f33b0f52a06fc44408"
 dependencies = [
  "bitflags",
  "hashbrown",
@@ -638,9 +638,9 @@ dependencies = [
 
 [[package]]
 name = "wasmprinter"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3be346255070ba58f65b24826bc94643dca065e797db7abb83e90965d086eba3"
+checksum = "cd2d53749ac5922bdc60ef3288adc7b45990fb079331d977b25dd7e83c75c810"
 dependencies = [
  "anyhow",
  "termcolor",
@@ -649,9 +649,9 @@ dependencies = [
 
 [[package]]
 name = "wast"
-version = "232.0.0"
+version = "238.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1b5a22bfb0c309f5cf4b0cfa4fae77801e52570e88bff1344c1b7673a9977954"
+checksum = "b0a564e7eab2abb8920c1302b90eb2c98a15efbbe30fc060d4e2d88483aa23fe"
 dependencies = [
  "bumpalo",
  "gimli",
@@ -663,9 +663,9 @@ dependencies = [
 
 [[package]]
 name = "wat"
-version = "1.232.0"
+version = "1.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5e2054d3da4289c8634a6ed0dd177e066518f45772c521b6959f5d6109f4c210"
+checksum = "0eb84e6ac2997025f80482266fdc9f60fa28ba791b674bfd33855e77fe867631"
 dependencies = [
  "wast",
 ]
@@ -763,9 +763,9 @@ dependencies = [
 
 [[package]]
 name = "wit-component"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5d1d7a3444f5039b4461a66dc085d749a832e518a86e8c7498d6fdd9df776ed0"
+checksum = "7d31c985f541330d1a809547043ad19dd58739a2f83c7f116aeabcab86aed597"
 dependencies = [
  "anyhow",
  "bitflags",
@@ -784,9 +784,9 @@ dependencies = [
 
 [[package]]
 name = "wit-encoder"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "83f9e66a7d9d46f593b03a7082fdb81e2685841c28f12c806dfff23820698942"
+checksum = "641b70e77e08fdf2b55ce54ae181dd36bdbb4cb06996811ee24e4e35825b71dc"
 dependencies = [
  "id-arena",
  "pretty_assertions",
@@ -797,9 +797,9 @@ dependencies = [
 
 [[package]]
 name = "wit-parser"
-version = "0.232.0"
+version = "0.238.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "00a0e031533e3f9082057b09b346f76d3af12a714feccbe8d32f926254319d86"
+checksum = "1eea12c964ed423ed14745e51aac2f1e28e5572ca012b0503bdcf65ffee3b44c"
 dependencies = [
  "anyhow",
  "id-arena",
diff --git a/internal/wasmtools/Cargo.toml b/internal/wasmtools/Cargo.toml
index ebd385cf..021e74d9 100644
--- a/internal/wasmtools/Cargo.toml
+++ b/internal/wasmtools/Cargo.toml
@@ -3,7 +3,7 @@ name = 'wasm-tools-go'
 edition = '2021'
 
 [dependencies]
-wasm-tools = { version = '1.232.0', default-features = false, features = [
+wasm-tools = { version = '1.238.1', default-features = false, features = [
 	'component',
 ] }