diff --git a/HISTORY.md b/HISTORY.md
index ec3e53a111f..2b99d409940 100644
--- a/HISTORY.md
+++ b/HISTORY.md
@@ -1,6 +1,11 @@
 # Rocksdb Change Log
 > NOTE: Entries for next release do not go here. Follow instructions in `unreleased_history/README.txt`
 
+## 8.8.1 (11/17/2023)
+### Bug fixes
+* Make the cache memory reservation accounting in Tiered cache (primary and compressed secondary cache) more accurate to avoid over/under charging the secondary cache.
+* Allow increasing the compressed_secondary_ratio in the Tiered cache after setting it to 0 to disable.
+
 ## 8.8.0 (10/23/2023)
 ### New Features
 * Introduce AttributeGroup by adding the first AttributeGroup support API, MultiGetEntity(). Through the use of Column Families, AttributeGroup enables users to logically group wide-column entities. More APIs to support AttributeGroup will come soon, including GetEntity, PutEntity, and others.
diff --git a/include/rocksdb/version.h b/include/rocksdb/version.h
index cecbb7c7b04..2880c3ae515 100644
--- a/include/rocksdb/version.h
+++ b/include/rocksdb/version.h
@@ -13,7 +13,7 @@
 // minor or major version number planned for release.
 #define ROCKSDB_MAJOR 8
 #define ROCKSDB_MINOR 8
-#define ROCKSDB_PATCH 0
+#define ROCKSDB_PATCH 1
 
 // Do not use these. We made the mistake of declaring macros starting with
 // double underscore. Now we have to live with our choice. We'll deprecate these