diff --git a/.yarn/versions/1137015d.yml b/.yarn/versions/1137015d.yml
new file mode 100644
index 000000000000..ca82f129ff62
--- /dev/null
+++ b/.yarn/versions/1137015d.yml
@@ -0,0 +1,34 @@
+releases:
+  "@yarnpkg/cli": minor
+  "@yarnpkg/core": minor
+
+declined:
+  - "@yarnpkg/plugin-compat"
+  - "@yarnpkg/plugin-constraints"
+  - "@yarnpkg/plugin-dlx"
+  - "@yarnpkg/plugin-essentials"
+  - "@yarnpkg/plugin-exec"
+  - "@yarnpkg/plugin-file"
+  - "@yarnpkg/plugin-git"
+  - "@yarnpkg/plugin-github"
+  - "@yarnpkg/plugin-http"
+  - "@yarnpkg/plugin-init"
+  - "@yarnpkg/plugin-interactive-tools"
+  - "@yarnpkg/plugin-link"
+  - "@yarnpkg/plugin-nm"
+  - "@yarnpkg/plugin-npm"
+  - "@yarnpkg/plugin-npm-cli"
+  - "@yarnpkg/plugin-pack"
+  - "@yarnpkg/plugin-patch"
+  - "@yarnpkg/plugin-pnp"
+  - "@yarnpkg/plugin-pnpm"
+  - "@yarnpkg/plugin-stage"
+  - "@yarnpkg/plugin-typescript"
+  - "@yarnpkg/plugin-version"
+  - "@yarnpkg/plugin-workspace-tools"
+  - "@yarnpkg/builder"
+  - "@yarnpkg/doctor"
+  - "@yarnpkg/extensions"
+  - "@yarnpkg/nm"
+  - "@yarnpkg/pnpify"
+  - "@yarnpkg/sdks"
diff --git a/packages/yarnpkg-core/sources/Cache.ts b/packages/yarnpkg-core/sources/Cache.ts
index f0883c874437..66d891cd1f8f 100644
--- a/packages/yarnpkg-core/sources/Cache.ts
+++ b/packages/yarnpkg-core/sources/Cache.ts
@@ -7,6 +7,7 @@ import fs                                                        from 'fs';
 
 import {Configuration}                                           from './Configuration';
 import {MessageName}                                             from './MessageName';
+import {RefCountedCache, RefCountedCacheEntry}                   from './RefCountedCache';
 import {ReportError}                                             from './Report';
 import * as hashUtils                                            from './hashUtils';
 import * as miscUtils                                            from './miscUtils';
@@ -72,6 +73,8 @@ export class Cache {
     checksum: string | null,
   ]>> = new Map();
 
+  private refCountedZipFsCache = new RefCountedCache<string, ZipFS>(zipFs => zipFs.discardAndClose);
+
   /**
    * To ensure different instances of `Cache` doesn't end up copying to the same
    * temporary file this random ID is appended to the filename.
@@ -467,14 +470,17 @@ export class Cache {
     if (!shouldMock)
       this.markedFiles.add(cachePath);
 
-    let zipFs: ZipFS | undefined;
+    const createRefCount = () => this.refCountedZipFsCache.addOrCreate(cachePath, () => {
+      return shouldMock
+        ? makeMockPackage()
+        : new ZipFS(cachePath, {baseFs, readOnly: true});
+    });
 
-    const zipFsBuilder = shouldMock
-      ? () => makeMockPackage()
-      : () => new ZipFS(cachePath, {baseFs, readOnly: true});
+    let refCountedCacheEntry: RefCountedCacheEntry<ZipFS> | undefined;
 
     const lazyFs = new LazyFS<PortablePath>(() => miscUtils.prettifySyncErrors(() => {
-      return zipFs = zipFsBuilder();
+      refCountedCacheEntry = createRefCount();
+      return refCountedCacheEntry.value;
     }, message => {
       return `Failed to open the cache entry for ${structUtils.prettyLocator(this.configuration, locator)}: ${message}`;
     }), ppath);
@@ -484,7 +490,7 @@ export class Cache {
     const aliasFs = new AliasFS(cachePath, {baseFs: lazyFs, pathUtils: ppath});
 
     const releaseFs = () => {
-      zipFs?.discardAndClose();
+      refCountedCacheEntry?.release();
     };
 
     // We hide the checksum if the package presence is conditional, because it becomes unreliable
diff --git a/packages/yarnpkg-core/sources/RefCountedCache.ts b/packages/yarnpkg-core/sources/RefCountedCache.ts
new file mode 100644
index 000000000000..aa7c4542b009
--- /dev/null
+++ b/packages/yarnpkg-core/sources/RefCountedCache.ts
@@ -0,0 +1,76 @@
+export type RefCountedCacheEntry<TValue> = {
+  value: TValue;
+  release: () => void;
+};
+
+/**
+ * A cache map with reference counting. This map is designed to handle
+ * a resource that has native/wasm handles which need to be release explicitly.
+ * It also requires the value to have a unique map to cache instanches
+ */
+export class RefCountedCache<TKey, TValue> {
+  private map = new Map<TKey, {value: TValue, refCount: number}>();
+
+  /**
+   * Creates a new RefCountedMap.
+   * @param releaseFunction The function to release the native resources.
+   */
+  constructor(private releaseFunction: (value: TValue) => void) {
+  }
+
+  /**
+   *
+   * @param key A unique key to indentify the instance in this Map
+   * @param createInstance The function to create a new instance of TValue if none already esists
+   * @returns The value form the cache (or newly created when not present) as well as the release function
+   * to call when the object is to be released.
+   */
+  addOrCreate(key: TKey, createInstance: () => TValue): RefCountedCacheEntry<TValue> {
+    const result = this.map.get(key);
+
+    if (typeof result !== `undefined`) {
+      if (result.refCount <= 0)
+        throw new Error(`Race condition in RefCountedMap. While adding a new key the refCount is: ${result.refCount} for ${JSON.stringify(key)}`);
+
+      result.refCount++;
+
+      return {
+        value: result.value,
+        release: () => this.release(key),
+      };
+    } else {
+      const newValue = createInstance();
+
+      this.map.set(key, {
+        refCount: 1,
+        value: newValue,
+      });
+
+      return {
+        value: newValue,
+        release: () => this.release(key),
+      };
+    }
+  }
+
+  /**
+   * Releases the object by decreasing the refcount. When the last reference is released (i.e. the refcount goes to 0)
+   * This function will call to the releaseFunction passed to the cache map to release the native resources.
+   */
+  private release(key: TKey): void {
+    const result = this.map.get(key);
+    if (!result)
+      throw new Error(`Unbalanced calls to release. No known instances of: ${JSON.stringify(key)}`);
+
+    const refCount = result.refCount;
+    if (refCount <= 0)
+      throw new Error(`Unbalanced calls to release. Too many release vs alloc refcount would become: ${refCount - 1} of ${JSON.stringify(key)}`);
+
+    if (refCount == 1) {
+      this.map.delete(key);
+      this.releaseFunction(result.value);
+    } else {
+      result.refCount--;
+    }
+  }
+}
diff --git a/packages/yarnpkg-core/tests/RefCountedCache.test.ts b/packages/yarnpkg-core/tests/RefCountedCache.test.ts
new file mode 100644
index 000000000000..3d4cc23d29fe
--- /dev/null
+++ b/packages/yarnpkg-core/tests/RefCountedCache.test.ts
@@ -0,0 +1,149 @@
+import {RefCountedCache} from '../sources/RefCountedCache';
+
+describe(`RefCountedCache`, () => {
+  it(`should create value on first create`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    expect(result.value).toBe(`create a-1`);
+    expect(actions).toStrictEqual([`create a-1`]);
+  });
+
+  it(`should release single value`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    result.release();
+    expect(actions).toStrictEqual([`create a-1`, `release create a-1`]);
+  });
+
+  it(`should return first created value and only release on the last value`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result1 = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    expect(result1.value).toBe(`create a-1`);
+    expect(actions).toStrictEqual([`create a-1`]);
+
+    // Creating new value with same key should reuse the previous value.
+    const result2 = cache.addOrCreate(`a`, () => {
+      const result = `create a-2`; actions.push(result); return result;
+    });
+
+    expect(result2.value).toBe(`create a-1`);
+    expect(actions).toStrictEqual([`create a-1`]);
+
+    // releasing one should not call release function
+    result1.release();
+    expect(actions).toStrictEqual([`create a-1`]);
+
+    // releasing second should call release, but on the first created instance.
+    result2.release();
+    expect(actions).toStrictEqual([`create a-1`, `release create a-1`]);
+  });
+
+  it(`should handle multiple keys single value`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result1 = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    result1.release();
+
+    const result2 = cache.addOrCreate(`b`, () => {
+      const result = `create b-2`; actions.push(result); return result;
+    });
+
+    result2.release();
+
+    const result3 = cache.addOrCreate(`c`, () => {
+      const result = `create c-3`; actions.push(result); return result;
+    });
+
+    cache.addOrCreate(`d`, () => {
+      const result = `create d-4`; actions.push(result); return result;
+    });
+
+    const result5 = cache.addOrCreate(`e`, () => {
+      const result = `create e-5`; actions.push(result); return result;
+    });
+
+    result5.release();
+    // skipping release 4 release
+    result3.release();
+
+    expect(actions).toStrictEqual([
+      `create a-1`,
+      `release create a-1`,
+      `create b-2`,
+      `release create b-2`,
+      `create c-3`,
+      `create d-4`,
+      `create e-5`,
+      `release create e-5`,
+      `release create c-3`,
+    ]);
+  });
+
+  it(`should can create new instances after removing releasing value`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result1 = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    const result2 = cache.addOrCreate(`a`, () => {
+      const result = `create a-2`; actions.push(result); return result;
+    });
+
+    result1.release();
+    result2.release();
+
+    const result3 = cache.addOrCreate(`a`, () => {
+      const result = `create a-3`; actions.push(result); return result;
+    });
+
+    const result4 = cache.addOrCreate(`a`, () => {
+      const result = `create a-4`; actions.push(result); return result;
+    });
+
+    result4.release();
+    result3.release();
+
+    expect(actions).toStrictEqual([
+      `create a-1`,
+      `release create a-1`,
+      `create a-3`,
+      `release create a-3`,
+    ]);
+  });
+
+  it(`should throw when releasing too many times`, () => {
+    const actions: Array<string> = [];
+    const cache = new RefCountedCache<string, string>((id => actions.push(`release ${id}`)));
+
+    const result1 = cache.addOrCreate(`a`, () => {
+      const result = `create a-1`; actions.push(result); return result;
+    });
+
+    result1.release();
+
+    expect(() => {
+      result1.release();
+    }).toThrow(/No known instances of: "a"/);
+  });
+});