diff --git a/packages/devel/binutils/package.mk b/packages/devel/binutils/package.mk
index 082a811f4b..9aadd17518 100644
--- a/packages/devel/binutils/package.mk
+++ b/packages/devel/binutils/package.mk
@@ -3,11 +3,11 @@
 # Copyright (C) 2018-present Team LibreELEC (https://libreelec.tv)
 
 PKG_NAME="binutils"
-PKG_VERSION="2.32"
-PKG_SHA256="9b0d97b3d30df184d302bced12f976aa1e5fbf4b0be696cdebc6cca30411a46e"
+PKG_VERSION="2.33.1"
+PKG_SHA256="ab66fc2d1c3ec0359b8e08843c9f33b63e8707efdff5e4cc5c200eae24722cbf"
 PKG_LICENSE="GPL"
 PKG_SITE="http://www.gnu.org/software/binutils/"
-PKG_URL="http://ftpmirror.gnu.org/binutils/$PKG_NAME-$PKG_VERSION.tar.gz"
+PKG_URL="http://ftp.gnu.org/gnu/binutils/$PKG_NAME-$PKG_VERSION.tar.xz"
 PKG_DEPENDS_HOST="ccache:host bison:host flex:host linux:host"
 PKG_DEPENDS_TARGET="toolchain binutils:host"
 PKG_LONGDESC="A GNU collection of binary utilities."