https://bugs.winehq.org/show_bug.cgi?id=53032
--- Comment #14 from Artem S. Tashkinov aros@gmx.com --- Removing -march=pentium-m has fixed the issue.
Looks like this is a GCC bug.
I really don't know how to proceed further.
GCC might miscompile anything including the main `wine` binary, libwine.so, winedevice.exe - I've no idea where to look.