diff --git a/packages/block-editor/src/components/rich-text/index.js b/packages/block-editor/src/components/rich-text/index.js
index 7236e74b2f6d68..a0316ee54337fa 100644
--- a/packages/block-editor/src/components/rich-text/index.js
+++ b/packages/block-editor/src/components/rich-text/index.js
@@ -329,7 +329,7 @@ export function RichTextWrapper(
 		onChange,
 	} );
 
-	useMarkPersistent( { html: adjustedValue, value } );
+	useMarkPersistent( value );
 
 	const keyboardShortcuts = useRef( new Set() );
 	const inputEvents = useRef( new Set() );
diff --git a/packages/block-editor/src/components/rich-text/use-mark-persistent.js b/packages/block-editor/src/components/rich-text/use-mark-persistent.js
index 10e157452fbe22..e52df535a84161 100644
--- a/packages/block-editor/src/components/rich-text/use-mark-persistent.js
+++ b/packages/block-editor/src/components/rich-text/use-mark-persistent.js
@@ -9,7 +9,7 @@ import { useDispatch } from '@wordpress/data';
  */
 import { store as blockEditorStore } from '../../store';
 
-export function useMarkPersistent( { html, value } ) {
+export function useMarkPersistent( value ) {
 	const previousText = useRef();
 	const hasActiveFormats = !! value.activeFormats?.length;
 	const { __unstableMarkLastChangeAsPersistent } =
@@ -36,5 +36,5 @@ export function useMarkPersistent( { html, value } ) {
 		}
 
 		__unstableMarkLastChangeAsPersistent();
-	}, [ html, hasActiveFormats ] );
+	}, [ value.text, hasActiveFormats ] );
 }