diff --git a/CHANGELOG.md b/CHANGELOG.md
index 063da79..2c01eb4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,10 @@
 
 All notable changes to the LaunchDarkly Client-side SDK for React will be documented in this file. For the source code for versions 2.13.0 and earlier, see the corresponding tags in the [js-client-sdk](https://github.com/launchdarkly/js-client-sdk) repository; this code was previously in a monorepo package there. See also the [JavaScript SDK changelog](https://github.com/launchdarkly/js-client-sdk/blob/master/CHANGELOG.md), since the React SDK inherits all of the underlying functionality of the JavaScript SDK; this file covers only changes that are specific to the React interface. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [2.23.1] - 2021-09-03
+### Fixed:
+- When using `asyncWithLDProvider`, components added to the DOM after client initialization now use the latest known flag values instead of the bootstrapped values.
+
 ## [2.23.0] - 2021-07-16
 ### Added:
 - HOC now hoists statics (thanks, [NathanWaddell121107](https://github.com/launchdarkly/react-client-sdk/pull/71)!)
diff --git a/package-lock.json b/package-lock.json
index 1604ff0..28409f3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "launchdarkly-react-client-sdk",
-  "version": "2.23.0",
+  "version": "2.23.1",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 26730b5..990d2ab 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "launchdarkly-react-client-sdk",
-  "version": "2.23.0",
+  "version": "2.23.1",
   "description": "LaunchDarkly SDK for React",
   "author": "LaunchDarkly <team@launchdarkly.com>",
   "license": "Apache-2.0",