diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5e813920..2e7b8848 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Version History
 
+## Release v2.8.5
+* pyenv-binary: record direct system dependencies in Linux/FreeBSD by @macayu17 in https://github.com/pyenv/pyenv/pull/3520
+* tests: Fix "cd: null directory" in OpenSUSE by @native-api in https://github.com/pyenv/pyenv/pull/3524
+* Test improvements by @native-api in https://github.com/pyenv/pyenv/pull/3525
+* CI: test on all runners when the build logic changes by @sujeito-operator in https://github.com/pyenv/pyenv/pull/3522
+* Add GraalPy 25.3.4.1 by @msimacek in https://github.com/pyenv/pyenv/pull/3529
+* Add CPython 3.15.0rc2 by @pyenv-bot[bot] in https://github.com/pyenv/pyenv/pull/3530
+* pyenv-binary: support relocating macOS archives by @macayu17 in https://github.com/pyenv/pyenv/pull/3528
+
 ## Release v2.8.4
 * CI: Add macos_26_intel by @native-api in https://github.com/pyenv/pyenv/pull/3514
 * pyenv-binary: check FreeBSD system libraries by @macayu17 in https://github.com/pyenv/pyenv/pull/3511
diff --git a/libexec/pyenv---version b/libexec/pyenv---version
index e33dabae..1798a05c 100755
--- a/libexec/pyenv---version
+++ b/libexec/pyenv---version
@@ -12,7 +12,7 @@
 set -e
 [ -n "$PYENV_DEBUG" ] && set -x
 
-version="2.8.4"
+version="2.8.5"
 git_revision=""
 
 if cd "${BASH_SOURCE%/*}" 2>/dev/null && git remote -v 2>/dev/null | grep -q pyenv; then
diff --git a/plugins/python-build/bin/python-build b/plugins/python-build/bin/python-build
index b9251394..ed07ff4c 100755
--- a/plugins/python-build/bin/python-build
+++ b/plugins/python-build/bin/python-build
@@ -14,7 +14,7 @@
 #   -g/--debug       Build a debug version
 #
 
-PYTHON_BUILD_VERSION="2.8.4"
+PYTHON_BUILD_VERSION="2.8.5"
 
 OLDIFS="$IFS"