diff --git a/0001-Fix-bytecode-compilation-to-output-whole-exe-instead.patch b/0001-Fix-bytecode-compilation-to-output-whole-exe-instead.patch
deleted file mode 100644
index 382d18f..0000000
--- a/0001-Fix-bytecode-compilation-to-output-whole-exe-instead.patch
+++ /dev/null
@@ -1,31 +0,0 @@
-From 5eeae696b2c56230d5d5fed5c86b7bf2b3942d4e Mon Sep 17 00:00:00 2001
-From: Jerry James <loganjerry@gmail.com>
-Date: Fri, 12 Apr 2024 20:11:50 +0100
-Subject: [PATCH] Fix bytecode compilation to output whole exe instead of using
- -custom
-
-These binaries are more resistant to being stripped.
-
-Reported-by: Ilya Leoshkevich
-Fixes: https://bugzilla.redhat.com/show_bug.cgi?id=2274708
-(cherry picked from guestfs-tools commit c249fd5caca8f1eed439f83e2bb1af46c8a28a27)
----
- subdir-rules.mk | 2 +-
- 1 file changed, 1 insertion(+), 1 deletion(-)
-
-diff --git a/subdir-rules.mk b/subdir-rules.mk
-index 78d574a813..e969f357b7 100644
---- a/subdir-rules.mk
-+++ b/subdir-rules.mk
-@@ -47,7 +47,7 @@ $(top_builddir)/generator/generator:
- 
- if !HAVE_OCAMLOPT
- MLARCHIVE = cma
--LINK_CUSTOM_OCAMLC_ONLY = -custom
-+LINK_CUSTOM_OCAMLC_ONLY = -output-complete-exe
- BEST = c
- else
- MLARCHIVE = cmxa
--- 
-2.44.0
-
diff --git a/sources b/sources
index bd7cbc4..9c7906f 100644
--- a/sources
+++ b/sources
@@ -1,2 +1,2 @@
-SHA512 (virt-v2v-2.5.3.tar.gz) = 9f6e0618db7c6e57192ad83aeb9f4978935aa387fabe62e952c5ea473fe88973323fb02d43eac615dca33b88590f8a824a3ea761691d273e6853674974c193da
-SHA512 (virt-v2v-2.5.3.tar.gz.sig) = c4fc7f3ff201501bdeda1202268da9fa9d393131762a28f38e0addd6397ba2f92a1c4bf811672cac66b54f095293e90a757786f2aec14c2f73da8035403c6b19
+SHA512 (virt-v2v-2.5.4.tar.gz) = ea872978eefc9feacb6048bb217449804612e5cc68bfbd1f20e5aaf637ca7ca8be92798ba1cbc1d2d6ddbf6a07628e79beea7db1966150675d9fbda9d4361b7a
+SHA512 (virt-v2v-2.5.4.tar.gz.sig) = 02780e8ae0bdff8c5b22b52bdd24d5f9dfa2d808b792abf7f8bcaa8c4e2c12ea52d3f2cd2c64b8a261437db69409f9ea1d12ac182dbc96e2bb5441a434ac7f84
diff --git a/virt-v2v.spec b/virt-v2v.spec
index 2b04320..d21af15 100644
--- a/virt-v2v.spec
+++ b/virt-v2v.spec
@@ -6,8 +6,8 @@
 
 Name:          virt-v2v
 Epoch:         1
-Version:       2.5.3
-Release:       2%{?dist}
+Version:       2.5.4
+Release:       1%{?dist}
 Summary:       Convert a virtual machine to run on KVM
 
 License:       GPL-2.0-or-later AND LGPL-2.0-or-later
@@ -23,9 +23,6 @@ Source2:       libguestfs.keyring
 # Maintainer script which helps with handling patches.
 Source3:       copy-patches.sh
 
-# Fix bytecode compilation (RHBZ#2274708)
-Patch:         0001-Fix-bytecode-compilation-to-output-whole-exe-instead.patch
-
 %if !0%{?rhel}
 # libguestfs hasn't been built on i686 for a while since there is no
 # kernel built for this architecture any longer and libguestfs rather
@@ -300,6 +297,9 @@ done
 
 
 %changelog
+* Thu Apr 25 2024 Richard W.M. Jones <rjones@redhat.com> - 1:2.5.4-1
+- New upstream development version 2.5.4
+
 * Fri Apr 12 2024 Richard W.M. Jones <rjones@redhat.com> - 1:2.5.3-2
 - Fix bytecode compilation (RHBZ#2274708)