diff --git a/CHANGELOG.md b/CHANGELOG.md
index 289ca7e3..bf5eb9d0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,3 @@
-
 # Changelog
 
 All notable changes to this project will be documented in this file.
@@ -10,6 +9,8 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
+
+## [3.5.4] - 2021-01-07
 ### Fixed
 - Wrong text displayed if module text ends with `}` ([`#2331`](https://github.com/polybar/polybar/issues/2331))
 
@@ -19,5 +20,6 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Fixed
 - Empty color values are no longer treated as invalid and no longer produce an error.
 
-[Unreleased]: https://github.com/polybar/polybar/compare/3.5.3...HEAD
+[Unreleased]: https://github.com/polybar/polybar/compare/3.5.4...HEAD
+[3.5.4]: https://github.com/polybar/polybar/releases/tag/3.5.4
 [3.5.3]: https://github.com/polybar/polybar/releases/tag/3.5.3
diff --git a/version.txt b/version.txt
index af8cdbfd..094129b6 100644
--- a/version.txt
+++ b/version.txt
@@ -1,4 +1,4 @@
 # Polybar version information
 # Update this on every release
 # This is used to create the version string if a git repo is not available
-3.5.3
+3.5.4