diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2132befe..907e43a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Version History
 
+## Release v2.5.4
+* Add anaconda3-2025.1.1-2 by @binbjz in https://github.com/pyenv/pyenv/pull/3198
+* Add PyPy v7.3.19 by @jsirois in https://github.com/pyenv/pyenv/pull/3205
+* Add CPython 3.14.0a6 by @nedbat in https://github.com/pyenv/pyenv/pull/3213
+
 ## Release v2.5.3
 * Add PyPy v7.3.18 by @dand-oss in https://github.com/pyenv/pyenv/pull/3184
 * Add Miniconda3 25.1.1-0 by @binbjz in https://github.com/pyenv/pyenv/pull/3190
diff --git a/libexec/pyenv---version b/libexec/pyenv---version
index 26e7396a..4b074e80 100755
--- a/libexec/pyenv---version
+++ b/libexec/pyenv---version
@@ -12,7 +12,7 @@
 set -e
 [ -n "$PYENV_DEBUG" ] && set -x
 
-version="2.5.3"
+version="2.5.4"
 git_revision=""
 
 if cd "${BASH_SOURCE%/*}" 2>/dev/null && git remote -v 2>/dev/null | grep -q pyenv; then