diff --git a/Makefile b/Makefile
index 9ac1221e73..784717bd01 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 #
 # make CXXFLAGS=-fsanitize=address LDFLAGS=-fsanitize=address USE_MIMALLOC=0
 
-VERSION = 1.0.3
+VERSION = 1.1
 
 PREFIX = /usr/local
 BINDIR = $(PREFIX)/bin
diff --git a/README.md b/README.md
index d180237cef..8a0fe0b71d 100644
--- a/README.md
+++ b/README.md
@@ -72,7 +72,7 @@ sudo dnf install -y git clang cmake openssl-devel xxhash-devel zlib-devel libstd
 ```shell
 git clone https://github.com/rui314/mold.git
 cd mold
-git checkout v1.0.3
+git checkout v1.1
 make -j$(nproc) CXX=clang++
 sudo make install
 ```